Barclays plans buffered return optimization securities tied to S&P 500

By Angela McDaniels

Tacoma, Wash., March 3 - Barclays Bank plc plans to price 0% buffered return optimization securities due March 28, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.25 times any increase in the index, subject to a maximum return of 19.5% to 23.5% that will be set at pricing. Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

The notes (Cusip: 06741K205) will price March 28 and settle March 31.

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

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