Barclays plans six-month 0% autocallable notes linked to palladium

By Marisa Wong

Madison, Wis., March 7 - Barclays Bank plc plans to price 0% autocallable notes due Sept. 21, 2011 linked to palladium, according to an FWP filing with the Securities and Exchange Commission.

If the price of palladium closes at or above the initial price on any day from and including June 13 to and including Sept. 16, 2011, the notes will be called at par plus a call premium of 6.75%.

If the notes are not called and the final price is greater than or equal to 88% of the initial price, the payout at maturity will be par. Otherwise, investors will share fully in losses.

The notes (Cusip: 06738KED9) will price on March 11 and settle on March 16.

Barclays Capital Inc. is the agent.

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