Barclays to price return enhanced notes linked to S&P 500 index

By Jennifer Chiou

New York, Sept. 12 - Barclays Bank plc plans to price 0% return enhanced notes due Oct. 1, 2014 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus double the return, capped at 16.6%.

Investors will be exposed to any losses.

The notes (Cusip: 06741TK55) are expected to price on Sept. 13 and settle on Sept. 18.

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

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