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

By Susanna Moon

Chicago, July 30 - 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.

Payout at maturity will be par of $10 plus the greater of the index return or 22.5% to 26.5%, with the exact contingent return to be set at pricing.

If the index finishes below its starting level and dips below its trigger level - 75% of the initial level - during the life of the securities, the payout will be par times the index return. Otherwise, investors will receive par.

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

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