Barclays to price capped market plus notes linked to gold via JPMorgan

By Angela McDaniels

Tacoma, Wash., Oct. 13 - Barclays Bank plc plans to price 0% capped market plus notes due April 21, 2010 linked to the price of gold, according to an FWP filing with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.

If gold falls below the barrier level - 89% of the initial price - on any day during the life of the notes, the payout at maturity will be par plus the gold return. Otherwise, the payout will be par plus the gold return, subject to a minimum return of 5%.

In both cases, the payout will be subject to a maximum return that is expected to be at least 13.25% and will be set at pricing.

The notes are expected to price Oct. 16 and settle Oct. 21.

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