New Issue: Barclays prices $1.27 million capped market plus notes tied to S&P 500

By Jennifer Chiou

New York, Dec. 27 - Barclays Bank plc priced $1,265,000 of 0% capped market plus notes due Dec. 31, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes below the barrier level, 75% of the initial level, on any day between and including the pricing date and the final valuation date, the payout at maturity will be par plus the index return. Investors will be fully exposed to any losses.

If the index never closes below the barrier level, investors will receive par plus the greater of the index return and a contingent minimum return of 8%.

In either case, the maximum return is 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped market plus notes
Underlying index:	S&P 500
Amount:	$1,265,000
Maturity:	Dec. 31, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index level remains at or above barrier level during life of notes, par plus greater of index return and 8%; otherwise, par plus index return, with exposure to losses; in both cases, return capped at 20%
Initial level:	1,430.15
Barrier level:	1,072.61, 75% of initial price
Pricing date:	Dec. 21
Settlement date:	Dec. 27
Agent:	Barclays
Fees:	2%
Cusip:	06741TMA2

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