Barclays plans 13-month PLUS linked to S&P 500 via Morgan Stanley

By Susanna Moon

Chicago, Aug. 24 - Barclay Bank plc plans to price 0% Performance Leveraged Upside Securities due Oct. 27, 2011 based on the performance of the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

Morgan Stanley Smith Barney LLC and Barclays Capital Inc. are the agents.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum gain of $11.60 to $12.00 per note. The exact cap will be set at pricing.

Investors will be exposed to any index decline.

The notes (Cusip 06740C279) will price on Sept. 24 and settle three business days later.

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