Barclays plans PLUS due 2014 with 13.5%-16.5% cap linked to S&P 500

By Susanna Moon

Chicago, Dec. 6 - Barclays Bank plc plans to price 0% Performance Leveraged Upside Securities due Feb. 3, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus triple any index gain, up to a maximum payout of $11.35 to $11.65 per note. The exact cap will be set at pricing.

Investors will be exposed to any losses.

Barclays is the agent with Morgan Stanley Smith Barney LLC as dealer.

The notes will price on Dec. 28 and settle three days later in January.

The Cusip number is 06742A339.

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