Barclays plans buffered return enhanced notes on commodities basket

By Jennifer Chiou

New York, Nov. 16 - Barclays Bank plc plans to price 0% buffered return enhanced notes due Nov. 21, 2013 linked to a basket of commodities and a commodity index, according an FWP with the Securities and Exchange Commission.

The basket includes equal weights of Brent crude, platinum, copper and the S&P GSCI Grains Index Excess Return.

The payout at maturity will be par plus 185% of any basket gain, capped at a return of 27.75%. Investors will receive par for losses up to 20% and will share in losses beyond the buffer at a rate of 1.25% per 1% decline.

The notes (Cusip: 06738KZN4) are expected to price on Nov. 18 and settle on Nov. 23.

Barclays Capital Inc. is the agent with JPMorgan Chase Bank, NA and JPMorgan Securities LLC as distributors.

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