Barclays to price 1.5-year capped participation notes linked to gold

By Marisa Wong

Madison, Wis., March 7 - Barclays Bank plc plans to price 0% capped participation notes due Sept. 18, 2014 linked to the performance of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 125% of any increase in the price of gold, subject to a maximum return of 16% to 22% that will be set at pricing. Investors will receive par if the price of gold falls by up to 10% and will be exposed to losses from the initial price if it falls by more than 10%.

The notes are expected to price March 13 and settle March 18.

Barclays is the underwriter.

The Cusip number is 06741TQR1.

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