Barclays plans contingent return optimization notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 10 - Barclays Bank plc plans to price 0% contingent return optimization securities due Jan. 25, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is at least 80% of the initial index level, the payout at maturity will be par of $10 plus the index return, subject to a minimum return of 10% and a maximum return of 20% to 25%. The exact cap will be set at pricing.

If the final index level is less than 80% of the initial level, investors will be fully exposed to the index decline from the initial level.

The notes (Cusip: 06740P551) are expected to price Jan. 18 and settle Jan. 21.

UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.

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