Barclays plans to price notes linked to S&P 500 Dynamic Veqtor index

By Angela McDaniels

Tacoma, Wash., July 6 - Barclays Bank plc plans to price 0% notes due July 28, 2015 linked to the S&P 500 Dynamic Veqtor Total Return index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be putable at any time, subject to a minimum of 25 notes.

The payout upon redemption or at maturity will be the closing indicative value of the notes.

The closing indicative value is initially $1,000. On each subsequent day, it will equal the closing indicative value on the preceding day multiplied by the daily index factor - the closing index level on that day divided by the closing level on the preceding day - and minus the investor fee.

The investor fee will be zero on the pricing date. On each subsequent day, it will be 1.25% multiplied by the closing indicative value on the preceding day multiplied by the daily index factor divided by 365.

The notes will price July 23 and settle July 28.

Barclays Capital Inc. is the agent.

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