Barclays to price capped leveraged buffered notes linked to S&P 500

By Marisa Wong

Madison, Wis., March 13 - Barclays Bank plc plans to price 0% capped leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 23 to 26 months after pricing.

The payout at maturity will be par plus 1.2 times any index gain, up to a maximum settlement amount of $1,192 and $1,228 per $1,000 principal amount.

Investors will receive par if the index falls by 12.5% or less.

If the index falls by more than 12.5%, investors will lose about 1.1429% for every 1% decline beyond the 12.5% buffer.

The exact terms will be set at pricing.

The Cusip number is 06741T7M3.

Barclays is the agent.

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