Barclays plans digital step-up notes due 2015 linked to WTI crude oil

By Susanna Moon

Chicago, June 18 – Barclays Bank plc plans to price 0% digital step-up notes due Dec. 24, 2015 linked to futures contracts on West Texas Intermediate light sweet crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus the maximum return of at least 25%.

If the index falls by up to the 85% trigger level, the payout will be par plus the 12% digital return.

Otherwise, investors will be fully exposed to any losses.

The notes will price on June 19 and settle on June 24.

The Cusip number is 06741UFE9.

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