Barclays plans to price 0% return enhanced notes linked to S&P 500

By Toni Weeks

San Diego, Aug. 22 - Barclays Bank plc plans to price 0% return enhanced notes due Sept. 11, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, subject to a maximum return of at least 20.6% that will be set at pricing.

Investors will be fully exposed to any decline in the index.

The final index level will be the average of the closing index levels on the five trading days ending Sept. 6, 2013.

The notes (Cusip: 06741TEW3) are expected to price Aug. 24 and settle Aug. 29.

Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as dealers.

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