Barclays to price principal-protected notes linked to stock of GE

By E. Janene Geiss

Philadelphia, July 1 - Barclays Bank plc plans to price zero-coupon 100% principal-protected notes due July 24, 2014 linked to the common stock of the General Electric Co., according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any appreciation in General Electric stock, subject to a maximum payout of 50% to 60% per note. The exact cap will be set at pricing.

Otherwise, investors will receive par.

The notes will price on July 21 and settle on July 24.

Barclays Capital Inc. will be the agent.

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