Barclays plans two-year Accelerated Return Notes linked to S&P 500

By Jennifer Chiou

New York, Aug. 15 - Barclays Bank plc plans to price 0% Accelerated Return Notes due August 2013 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus five times any index gain, subject to a maximum return of 27% to 31%. The exact cap will be set at pricing. Investors will be fully exposed to any index decline.

Bank of America Merrill Lynch is the agent.

The notes are expected to price and settle in August.

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