New Issue: Barclays prices $1.39 million annual autocallable notes tied to S&P 500

By Toni Weeks

San Diego, June 8 - Barclays Bank plc priced $1.39 million of 0% annual autocallable notes due June 11, 2014 linked to the S&P 500, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call return of 11.8% if the index closes at or above the initial level on any yearly call date in June.

The payout at maturity will be par if the index finishes at or above 70% of the initial level.

Otherwise, investors will be exposed to any losses from the initial level.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Annual autocallable notes
Underlying index:	S&P 500
Amount:	$1,387,000
Maturity:	June 11, 2014
Coupon:	0%
Price:	Par
Call:	If index finishes at or above initial level on either of two call valuation dates, par plus a call premium, which is 11.8% on first valuation date of June 12, 2013 and 23.6% on second valuation date of June 6, 2014
Payout at maturity:	Par if index finishes at or above 70% of initial level; otherwise, full exposure to losses from initial level
Initial level:	1,315.13
Barrier level:	920.59, 70% of initial price
Pricing date:	June 6
Settlement date:	June 11
Agent:	Barclays Capital Inc.
Fees:	2%
Cusip:	06741TAX5

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