Barclays plans three-year annual reset coupon buffered notes on S&P

By Susanna Moon

Chicago, Dec. 5 - Barclays Bank plc plans to price annual reset coupon buffered notes due Dec. 31, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 7% to 8.5% if the index's return for that year is positive or zero, with the exact rate to be set at pricing. Otherwise, the coupon will be the 3% for that year. Interest is payable annually.

The payout at maturity will be par unless the index finishes below 80% of the initial index level, in which case investors will lose 1% for every 1% decline beyond the trigger.

Barclays Capital Inc. is the agent.

The notes will price on Dec. 28 and settle on Dec. 30.

The Cusip number is 06738KZX2.

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