Barclays plans protected notes linked to Barclays Capital Q-BES Large Cap

By Jennifer Chiou

New York, April 3 - Barclays Bank plc plans to price zero-coupon 100% principal-protected notes due April 30, 2014 linked to the Barclays Capital Q-BES Large Cap U.S. Excess Return index, according to an FWP filing with the Securities and Exchange Commission.

The index seeks to take advantage of the market's reaction to earnings surprise, or earnings reports that exceed consensus estimates, for selected companies included in the S&P 500. The premise of the index is that historically such companies have outperformed the market following an earnings surprise.

The payout at maturity will be par plus any index gain.

Investors will receive at least par.

The notes are expected to price on April 27 and settle on April 30.

Barclays Capital Inc. is the agent.

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