Barclays delays pricing contingent buffered return notes on palladium

By Susanna Moon

Chicago, Aug. 27 - Barclays Bank plc pushed back the dates of its 0% contingent buffered return enhanced notes linked to palladium, according to an FWP filing with the Securities and Exchange Commission.

The notes will now mature on Sept. 12, 2013, with pricing set for Aug. 31 and settlement for Sept. 6. The notes were originally set to mature on Sept. 5, 2013, price on Aug. 24 and settle on Aug. 29.

If the price of palladium finishes at or above the 85% barrier level, the payout at maturity will be par plus the greater of any gain up to a maximum return of 18% and a contingent minimum return of 5%.

Otherwise, investors will be fully exposed to all losses.

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

The Cusip number is 06741TEV5.

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