Barclays plans to price performance securities linked to S&P 500 via UBS

By E. Janene Geiss

Philadelphia, July 22 - Barclays Bank plc plans to price 0% performance securities with contingent protection due Aug. 30, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

UBS Financial Services Inc. and Barclays Capital Inc. are the agents.

If the final index return is positive, the payout at maturity will be par of $10 plus 115% to 125% of the final index return. The exact participation rate will be set at pricing.

If the final index return is negative and the index ever closed below the trigger level - 50% of its initial level - during the life of the securities, the payout will be par plus the final index return. If the final index return is negative and the index did not close below the trigger level, investors will receive par.

The notes are expected to price Aug. 26 and settle Aug. 29.

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