Barclays plans contingent buffered return notes linked to Wells Fargo

By Susanna Moon

Chicago, July 25 - Barclays Bank plc plans to price 0% contingent buffered return enhanced notes due Aug. 14, 2013 linked to Wells Fargo & Co. shares, according to an FWP filing with the Securities and Exchange Commission.

If Wells Fargo stock finishes at or above the 70% trigger level, the payout at maturity will be par plus the maximum return of 8.05%.

Otherwise, investors will be fully exposed to all losses.

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

The notes will price on July 27 and settle on Aug. 1.

The Cusip number is 06741TDL8.

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