Barclays plans buffered enhanced notes on commodities via JPMorgan

By Toni Weeks

San Diego, March 14 - Barclays Bank plc plans to price 0% buffered return enhanced notes due Sept. 25, 2012 linked to a basket of commodities, according to an FWP filing with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

The basket includes Brent crude, corn, palladium and copper, each weighted at 25%.

The payout at maturity will be par plus 1.365 times the basket return, subject to a maximum return of 27.30%. Investors will receive par if the basket declines by 30% or less and will fully share in losses if the basket declines more than 30%.

The notes (Cusip: 06738KEN7) are expected to price on March 18 and settle on March 25.

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