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

By Marisa Wong

Madison, Wis., Dec. 13 - Barclays Bank plc plans to price 0% capped market plus notes due Dec. 24, 2012 linked to the performance of gold, according to an FWP filing with the Securities and Exchange Commission.

If the final price of gold is less than 80% of the initial price, the payout at maturity will be par plus the gold return.

Otherwise, investors will receive par plus the greater of the gold return and 10%, subject to a maximum return of at least 29.05%. The exact cap will be set at pricing.

The notes (Cusip: 06740PYC4) are expected to price on Dec. 17 and settle on Dec. 27.

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

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