Barclays plans principal-protected notes on S&P 500 via JPMorgan

By Susanna Moon

Chicago, Jan. 22 - Barclays Bank plc plans to price zero-coupon principal-protected notes due Feb. 20, 2015 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

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

The payout at maturity will be par plus any index gain, up to a maximum return of 37% to 45%. The exact cap will be set at pricing.

If the index finishes below its initial level, the payout will be par.

The notes will price on Feb. 17 and settle on Feb. 22.

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