Barclays reports plans to price 18-month notes tied to S&P 500 index

By Devika Patel

Knoxville, Tenn., Sept. 13 – Barclays Bank plc plans to price 0% notes due March 21, 2018 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 any gain in the index.

Investors will receive par if the index falls by up to 20.55% and will lose 1% for every 1% decline beyond 20.55%.

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

The notes (Cusip: 06741VBK7) will price Sept. 16 and settle Sept. 21.

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