New Issue: Barclays prices $1.46 million quarterly autocallable notes on three commodities

By Marisa Wong

Madison, Wis., Sept. 28 - Barclays Bank plc priced $1.46 million of 0% quarterly autocallable notes due Oct. 7, 2013 linked to a basket of three commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of corn, wheat and soybeans.

If the basket closes at or above the initial level on any quarterly call valuation date, the notes will be automatically called at par plus an annualized premium of 16.5%.

If the notes are not called and the final basket level is at least 85% of the initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% drop below the initial level.

Barclays is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Quarterly autocallable notes
Underlying commodities:	Corn, wheat and soybeans, equally weighted
Amount:	$1,457,000
Maturity:	Oct. 7, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final basket level is at least 85% of initial basket level, par; otherwise, full exposure to decline from initial level
Call:	Automatically at par plus premium of 16.5% per year if basket closes at or above initial level on Dec. 26, March 26, June 26, 2013 or Oct. 2, 2013
Initial prices:	724.75¢ for corn, 869.25¢ for wheat and 1,573¢ for soybeans
Pricing date:	Sept. 26
Settlement date:	Oct. 1
Underwriter:	Barclays
Fees:	1%
Cusip:	06741THB6

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