Barclays plans to price market plus notes linked to S&P 500 index

By Marisa Wong

Madison, Wis., Oct. 2 - Barclays Bank plc plans to price 0% market plus notes due April 9, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index closes below the barrier level, 70.45% of the initial level, on any day during the life of the notes, the payout at maturity will be par plus the index return, with full exposure to losses.

If the index never dips below the barrier level, investors will receive par plus the index return, subject to a floor of par.

The notes (Cusip: 06741THV2) are expected to price Oct. 5 and settle Oct. 11.

Barclays is the agent, and J.P. Morgan Chase Bank, NA and JPMorgan Securities LLC are placement agents.

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