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

By Susanna Moon

Chicago, May 15 - Barclays Bank plc plans to price 0% buffered return enhanced notes due June 5, 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, up to a maximum return of 12.2%.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

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

The notes will price on May 18 and settle on May 23.

The Cusip number is 06738K5T4.

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