New Issue: Barclays prices $7.46 million buffered return enhanced notes tied to commodities basket

By Toni Weeks

San Diego, Dec. 2 - Barclays Bank plc priced $7.46 million of 0% buffered return enhanced notes due Dec. 11, 2012 linked to a basket of commodities and a commodity index, according a 424B2 filing 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 157% of any basket gain, capped at a return of 15.7%. Investors will receive par for losses up to 10% and will share in losses beyond the buffer at a rate of 1.1111% per 1% decline.

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

Issuer:	Barclays Bank plc
Issue:	Buffered return enhanced notes
Underlying assets:	Brent crude, platinum, copper and the S&P GSCI Grains Index Excess Return, equally weighted
Amount:	$7,462,000
Maturity:	Dec. 11, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 157% of any basket gain, capped at 15.7%; par for losses up to 10%; investors share in losses beyond the buffer at a rate of 1.1111% per 1% decline
Initial levels:	$110.52 for Brent crude, $1,558 for platinum, $7,405.50 for copper and 39.19337 for the S&P GSCI Grains Index Excess Return
Pricing date:	Nov. 30
Settlement date:	Dec. 5
Agent:	Barclays Capital Inc. with JPMorgan Chase Bank, NA and JPMorgan Securities LLC as distributors
Fees:	1%
Cusip:	06738KB75

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.