Barclays plans return enhanced notes tied to S&P 500 via JPMorgan

By Jennifer Chiou

New York, Feb. 15 - Barclays Bank plc plans to price 0% return enhanced notes due March 7, 2012 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, up to a maximum return of 16.66%.

Investors will be exposed to any losses.

The notes (Cusip: 06738KCH2) will price on Feb. 17 and settle on Feb. 23.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the lead agents with Barclays Capital Inc.

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