Barclays plans notes linked to S&P 500 Dynamic Veqtor Mid-Term

By Angela McDaniels

Tacoma, Wash., Feb. 9 - Barclays Bank plc plans to price 0% notes due February 2017 linked to the S&P 500 Dynamic Veqtor Mid-Term Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will equal the closing indicative value on the final valuation date.

The closing indicative value will be $1,000 on the pricing date. On each subsequent day, it will equal the closing indicative value on the preceding day multiplied by the daily index factor - the closing index level on that day divided by the closing level on the preceding day - and minus the investor fee.

The investor fee will be zero on the pricing date. On subsequent days, it will equal 0.95% times the closing indicative note value on the preceding day times the daily index factor on that day divided by 365.

The notes are putable subject to a minimum of 25 notes. Investors will receive the closing indicative value on the applicable valuation date.

The notes (Cusip: 06738KP70) will price and settle in February.

Barclays Capital Inc. is the agent.

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