New Issue: Barclays prices $16.09 million autocallable notes linked to S&P GSCI Brent Crude Oil

By Jennifer Chiou

New York, Jan. 10 - Barclays Bank plc priced $16.09 million of 0% autocallable notes due July 11, 2012 linked to the S&P GSCI Brent Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at 106.95% of par if the index closes at or above the initial index level on any day from and including April 10, 2012 to and including July 6, 2012.

If the notes are not called and the final index level is at least 80% of the initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the index declines from the initial level.

Barclays Capital Inc. is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as distributors.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying index:	S&P GSCI Brent Crude Oil Index Excess Return
Amount:	$16,093,000
Maturity:	July 11, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless index falls by more than 20%, in which case investors are fully exposed to index's decline from initial level
Call:	At 106.95% of par if index closes at or above initial level on any day from April 10, 2012 to July 6, 2012 inclusive
Initial index level:	820.3981
Pricing date:	Jan. 6
Settlement date:	Jan. 11
Agents:	Barclays Capital Inc. with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	0.5%
Cusip:	06738KG54

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