Barclays to price principal-protected notes linked to basket of commodities, S&P SGCI subindexes

By Jennifer Chiou

New York, Feb. 20 - Barclays Bank plc plans to price 0% principal-protected notes due Nov. 26, 2013 linked to a basket of commodities and subindexes of the S&P GSCI Commodity index, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of natural gas, WTI crude oil, the S&P GSCI Corn Excess Return Index, S&P GSCI Sugar Excess Return Index, S&P GSCI Cocoa Excess Return Index and S&P GSCI Coffee Excess Return Index.

The payout at maturity will be par plus any basket gain. Investors will receive at least par.

The notes are expected to price on Feb. 22 and settle on Feb. 27.

Barclays Capital Inc. will be the agent.

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