Barclays plans notes with 80% barrier tied to Industrial Select SPDR

By Susanna Moon

Chicago, March 7 - Barclays Bank plc plans to price 0% notes due Sept. 16, 2013 linked to the Industrial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above the 80% barrier level, the payout at maturity will be par plus any gain, and investors will receive a payout of at least par.

Otherwise, the payout at maturity will be par plus the fund return, with full exposure to any losses.

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

The notes will price on March 9 and settle on March 14.

The Cusip is 06738KW56.

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