New Issue: Barclays prices $500,000 notes linked to basket of five stocks

By Marisa Wong

Madison, Wis., Dec. 28 - Barclays Bank plc priced $500,000 of notes due June 26, 2014 linked to a basket of five common stocks, according a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of Delek U.S. Holdings, Inc., HollyFrontier Corp., Marathon Petroleum Corp., Tesoro Corp. and Valero Energy Corp.

The initial basket level will be set to 100. The final basket level will be the initial basket level plus the basket return, which is the average of the basket component returns on the final valuation date.

If the final basket level is greater than the initial level, the payout at maturity will be par plus double the basket return, subject to a maximum return of 18%.

Investors will receive par if the basket falls by up to 30% and will be fully exposed to losses from the initial level if the basket declines by more than 30%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Notes
Underlying stocks:	Delek U.S. Holdings, Inc. (Symbol: DK), HollyFrontier Corp. (Symbol: HFC), Marathon Petroleum Corp. (Symbol: MPC), Tesoro Corp. (Symbol: TSO) and Valero Energy Corp. (Symbol: VLO)
Amount:	$500,000
Maturity:	June 26, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double basket return, capped at 18%; par if basket falls by up to 30%; full exposure to losses from initial level if basket declines by more than 30%
Initial prices:	$34.14 for Valero, $43.69 for Tesoro, $26.17 for Delek, $62.14 for Marathon, $47.09 for HollyFrontier
Pricing date:	Dec. 21
Settlement date:	Dec. 27
Agent:	Barclays
Fees:	1.5%
Cusip:	06741TLX3

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