Barclays plans to sell principal-protected notes on S&P 500 index

By Susanna Moon

Chicago, April 5 - Barclays Bank plc plans to price zero-coupon 100% principal-protected notes due April 30, 2013 based on the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index stays within the range - at or above the lower barrier and at or below the upper barrier - during the life of the notes, the payout at maturity will be par plus the absolute value of the index return.

The lower barrier will be 68% to 74% of the initial level, and the upper barrier will be 126% to 132% of the initial level.

Otherwise, the payout will be par.

The notes will price on April 27 and settle on April 30.

Barclays Capital Inc. is the agent.

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