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Barclays moves up pricing for principal-protected notes linked to commodities basket
By Jennifer Chiou
New York, Feb. 20 - Barclays Bank plc plans to price its planned issue of zero-coupon 100% principal-protected notes due Nov. 29, 2012 linked to a commodities basket on Feb. 22 instead of Feb. 25, according to a term sheet.
The basket contains equal weights of coal, heating oil and WTI crude oil.
The payout at maturity will be par plus any basket gain. Investors will receive at least par.
The notes will settle on Feb. 29.
Barclays Capital will be the agent.
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