Barclays plans to price market plus notes linked to S&P 500 index

By Jennifer Chiou

New York, Oct. 4 - Barclays Bank plc plans to price 0% market plus notes due Oct. 18, 2012 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index closes below the barrier level - 75% of the initial level - on any day during the life of the notes, the payout at maturity will be par plus the index return, which could be positive or negative. Otherwise, the payout will be par plus the index return, subject to a minimum return of 9.25%.

The notes (Cusip: 06740PTR7) are expected to price on Oct. 15 and settle on Oct. 20.

Barclays Capital Inc. is the agent.

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