Barclays to price capped market plus notes linked copper, palladium

By Angela McDaniels

Tacoma, Wash., Feb. 27 - Barclays Bank plc plans to price 0% capped market plus notes due March 14, 2013 linked to a basket of commodities, according to an FWP filing with the Securities and Exchange Commission.

The equally weighted basket components are copper and palladium.

If the final basket level is greater than or equal to 80% of the initial level, the payout at maturity will be par plus the greater of 7.5% and the basket return, subject to a maximum return of at least 12%. The actual maximum return will be set at pricing.

If the final basket level is less than 80% of the initial level, investors will be fully exposed to the basket's decline from its initial level.

The notes (Cusip: 06738KT76) are expected to price March 2 and settle March 7.

Barclays Capital Inc. is the agent with J.P. Morgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.

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