Barclays plans 15-year callable range accrual notes linked to S&P 500

By Susanna Moon

Chicago, April 8 - Barclays Bank plc plans to price callable fixed-rate range accrual notes due April 29, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 7% for one year. After that, it will accrue at 7% for each day that the index closes at or above 1,050. Interest will be payable quarterly.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date beginning Aug. 3, 2012.

Barclays Capital Inc. is the agent.

The notes will price April 26 and settle April 29.

The Cusip is 06738KGV7.

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