Barclays plans three-year Leveraged Index Return Notes tied to S&P 500

By Susanna Moon

Chicago, May 13 – Barclays Bank PLC plans to price 0% Leveraged Index Return Notes due May 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 130% to 150% of any index gain, with the exact participation rate to be set at pricing.

Investors will be exposed to any losses.

Bank of America Merrill Lynch is the agent.

The notes will price in May and settle in June.

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