Barclays plans notes linked to S&P 500 Dynamic Veqtor Total Return

By Susanna Moon

Chicago, March 22 - Barclays Bank plc plans to price 0% notes due March 28, 2017 linked to the S&P 500 Dynamic Veqtor Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will equal the closing indicative value on the final valuation date.

The closing indicative note value is initially par of $1,000. On each subsequent day, the closing indicative note value will equal (1) the closing indicative note value on the immediately preceding day times (2) the daily index factor on the day minus (3) the investor fee on that day.

The investor fee is equal to (i) 1.25% times (ii) the closing indicative note value on the immediately preceding calendar day times (iii) the daily index factor on that day divided by (iv) 365.

Investors will be fully exposed to any losses.

The notes are putable, subject to at a minimum of 25 notes, at the closing indicative value on the valuation date.

Barclays Capital Inc. is the agent.

The notes will price on March 23 and settle on March 28.

The Cusip is 06738KZ79.

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