Barclays plans return enhanced notes on S&P 500 index via JPMorgan

By Susanna Moon

Chicago, March 15 - Barclays Bank plc plans to price 0% return enhanced notes due April 4, 2012 linked to 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 at least 18.84%.

Investors will be exposed to any losses.

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

The notes will price on March 18 and settle on March 23.

The Cusip is 06738KER8.

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