Barclays plans leveraged buffered notes with cap linked to S&P 500

By Susanna Moon

Chicago, July 25 - Barclays Bank plc plans to price 0% leveraged buffered index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature between 24 and 27 months after pricing.

The payout at maturity will be par plus 1.25 times any index gain, up to a maximum settlement amount of $1,162.50 to $1,206.25 for each $1,000 face amount.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

The exact deal terms, including maturity date and cap, will be set at pricing.

Barclays is the underwriter.

The Cusip number is 06741TZN0.

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