Barclays plans capped leveraged return notes linked to gold via Merrill

By Susanna Moon

Chicago, Jan. 4 - Barclays Bank plc plans to price capped Leveraged Index Return Notes due February 2015 linked to the gold spot price, according to an FWP with the Securities and Exchange Commission.

Bank of America Merrill Lynch is the agent.

The payout at maturity will be par of $10 plus double any gain in the price of gold, up to a return of 14% to 18%. The exact maximum return will be set at pricing.

Investors will receive par if the index falls by up to 5% and will be exposed to any losses beyond 5%.

The notes are expected to price in January and settle in February.

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