New Issue: Barclays prices $21.07 million 0% return enhanced notes tied to S&P 500

By Toni Weeks

San Luis Obispo, Calif., Feb. 20 - Barclays Bank plc priced $21.07 million of 0% return enhanced notes due March 5, 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 plus double any gain in the index, subject to a maximum return of 16.2%.

Investors will be fully exposed to any losses.

The final index level will be the average of the closing index levels on the five trading days ending Feb. 28, 2014.

Barclays Capital Inc. is the agent, and J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the distributors.

Issuer:	Barclays Bank plc
Issue:	Return enhanced notes
Underlying index:	S&P 500
Amount:	$21,074,000
Maturity:	March 5, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any gain in the index, subject to maximum return of 16.2%; full exposure to any losses
Initial level:	1,519.79
Final level:	Average of index closing levels of five trading days ending Feb. 28, 2014
Pricing date:	Feb. 15
Settlement date:	Feb. 21
Agent:	Barclays Capital Inc., with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as distributors
Fees:	1%
Cusip:	06741TPC5

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