Barclays to price capped market plus notes linked to Citigroup

By Angela McDaniels

Tacoma, Wash., June 13 - Barclays Bank plc plans to price 0% capped market plus notes due July 3, 2013 linked to the common stock of Citigroup Inc., according to an FWP filing with the Securities and Exchange Commission.

If the final share price has decreased from the initial share price by more than 30%, investors will be fully exposed to the share price decline. Otherwise, the payout at maturity will be par plus the greater of the stock return and 7%.

The notes (Cusip: 06741TBH9) are expected to price June 15 and settle June 20.

Barclays Capital Inc. is the agent, and J.P. Morgan Chase Bank, NA and JPMorgan Securities LLC are dealers.

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