Barclays plans five-year coupon barrier notes linked to S&P 500

By Jennifer Chiou

New York, Aug. 5 - Barclays Bank plc plans to price notes due Aug. 31, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If, on any annual observation date to fall on Aug. 26 from 2012 to 2016, the index return is at or above the relevant coupon barrier, the notes will pay a 4.5% coupon. The coupon barrier is zero on the first observation date, 5% on the second, 10% on the third, 15% on the fourth and 10% on the final observation date.

The payout at maturity will be par.

The notes (Cusip: 06738KMK4) will price on Aug. 26 and settle on Aug. 31.

Barclays Capital Inc. is the agent.

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