Barclays plans one-year return enhanced notes with cap tied to S&P 500

By Susanna Moon

Chicago, May 1 - Barclays Bank plc plans to price 0% return enhanced notes due May 21, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, up to a maximum return of 15.2%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

Barclays is the underwriter with J.P. Morgan Securities LLC as the placement agent.

The notes will price on May 3 and settle on May 8.

The Cusip number is 06741TUF2.

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