Barclays plans knock-in barrier digital notes due 2013 tied to S&P 500

By Susanna Moon

Chicago, June 22 - Barclays Bank plc plans to price 0% digital notes due Dec. 29, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 75% knock-in barrier level, the payout at maturity will be par plus a digital percentage of 10.5% to 11.5%. The exact percentage will be set at pricing.

Otherwise, investors will be fully exposed to any losses if the index falls below the barrier level.

Barclays Capital Inc. is the agent.

The notes will price on June 26 and settle on June 29.

The Cusip number is 06741BY2.

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