Barclays to price 18-month notes linked to S&P 500 index via JPMorgan

By Angela McDaniels

Tacoma, Wash., July 12 - Barclays Bank plc plans to price 0% notes due Jan. 18, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index closes at or above 72% of its initial level on each day during the life of the notes, the payout at maturity will be par plus the index return, subject to a minimum payout of par. Otherwise, the payout will be par plus the index return, and investors will be exposed to the decline if that return is negative.

The notes (Cusip: 06738KPK1) will price July 15 and settle July 20.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

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