Barclays to price 18-month capped market plus notes linked to gold

By Angela McDaniels

Tacoma, Wash., Feb. 7 - Barclays Bank plc plans to price 0% capped market plus notes due Aug. 15, 2013 linked to the price of gold, according to an FWP filing with the Securities and Exchange Commission.

If the final price of gold is greater than or equal to the barrier level, the payout at maturity will be par plus the greater of the gold return and 6.8%, subject to a maximum return. The barrier level will be 80% of the initial price of gold. The maximum return is expected to be at least 15% and will be set at pricing.

If the final price of gold is less than the barrier level, investors will be fully exposed to the decline.

The notes (Cusip: 06738KP21) are expected to price Feb. 10 and settle Feb. 15.

Barclays Capital Inc. is the agent. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are dealers.

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