Barclays plans quarterly autocallable notes on WTI crude oil futures

By Jennifer Chiou

New York, Dec. 7 - Barclays Bank plc plans to price 0% quarterly autocallable notes due Jan. 3, 2012 linked to WTI light sweet crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the asset price closes at or above its initial level on a valuation date, the notes will be called at par plus an annualized call premium of 9% to 13% that will be set at pricing.

If the notes are not called and the final price is greater than or equal to the protection level - 75% of the initial price - the payout at maturity will be par. Otherwise, investors will share fully in losses.

The notes (Cusip: 06740PW85) will price on Dec. 21 and settle on Dec. 27.

Barclays Capital Inc. is the agent.

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