New Issue: Barclays prices $3.29 million notes due 2016 on commodities basket

By Jennifer Chiou

New York, April 30 - Barclays Bank plc priced $3,285,000 of 0% notes due April 29, 2016 linked to a basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of Brent crude, gasoline RBOB, gold, silver, soybeans, copper and corn.

If the final basket level is greater than the initial basket level, the payout at maturity will be par plus two times the basket gain, subject to a maximum return of 38%.

Investors will receive par for losses up to 20% and will share fully in losses if the basket falls beyond the buffer.

Barclays is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Medium-term notes
Underlying asset:	Brent crude, gasoline RBOB, gold, silver, soybeans, copper and corn, equally weighted
Amount:	$3,285,000
Maturity:	April 29, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If final level is greater than the initial level, par plus two times the basket gain, subject to a maximum return of 38%; par for losses up to 20%; full exposure to losses if basket declines beyond buffer
Buffer level:	80% of initial level
Pricing date:	April 26
Settlement date:	April 30
Underwriter:	Barclays
Fees:	2%
Cusip:	06741TTZ0

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