Barclays plans one-year capped market plus notes linked to S&P 500

By Susanna Moon

Chicago, April 10 - Barclays Bank plc plans to price 0% capped market plus notes due April 30, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index never closes below the 80% barrier level during the life of the notes, the payout at maturity will be par plus the greater of the contingent minimum return of 0.5% and any index gain up to a maximum return of at least 15%.

Otherwise, investors will be fully exposed to any losses, and any gains will be capped at 15%.

Barclays is the agent.

The notes will price on April 12 and settle on April 17.

The Cusip number is 06741JZC6.

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