Barclays to price one-year capped participation notes linked to gold

By Marisa Wong

Madison, Wis., Sept. 25 - Barclays Bank plc plans to price 0% capped participation notes due Oct. 9, 2013 linked to the performance of gold, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any percentage increase in the price of gold, subject to a maximum return of at least 18.05% that will be set at pricing. Investors will receive par if the price of gold falls by up to 15% and will be exposed to losses from the initial price if it falls by more than 15%.

The notes are expected to price Sept. 28 and settle Oct. 3.

Barclays is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.

The Cusip number is 06741THG5.

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