Barclays to price notes linked to S&P 500 Dynamic Veqtor Total Return

By Angela McDaniels

Tacoma, Wash., April 29 - Barclays Bank plc plans to price 0% notes due May 29, 2015 linked to the S&P 500 Dynamic Veqtor Total Return index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be putable at any time subject to a minimum of 25 notes.

The payout upon redemption or at maturity will be the closing indicative value of the notes.

The closing indicative value is initially $1,000. On each subsequent day, it will equal the closing indicative value on the preceding day multiplied by the daily index factor - the closing index level on that day divided by the closing level on the preceding date - and minus the investor fee.

The investor fee is initially zero. On each subsequent day, it will be 1.25% times the closing indicative value on the preceding day times the daily index factor on that day divided by 365.

The notes will price May 25 and settle May 28.

Barclays Capital Inc. is the agent.

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