Barclays plans two-year notes linked to Hang Seng China Enterprises

By Angela McDaniels

Tacoma, Wash., May 4 - Barclays Bank plc plans to price 0% notes due May 31, 2013 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any increase in the index, subject to a maximum return of 27% to 35% that will be set at pricing. Investors will receive par if the index declines by 20% or less and will be fully exposed to the decline from the initial level if it falls by more than 20%.

The notes (Cusip: 06738KJU6) are expected to price May 25 and settle May 31.

Barclays Capital Inc. is the agent.

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