Barclays plans to price principal-protected notes linked commodities basket

By Jennifer Chiou

New York, Sept. 9 - Barclays Bank plc plans to price zero-coupon 100% principal-protected notes due Feb. 28, 2014 linked to a basket of commodities and indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of equal weights of WTI crude oil, gasoline RBOB, natural gas, S&P GSCI Live Cattle Index Excess Return and S&P GSCI Precious Industrial Metals Excess Return Index.

The payout at maturity will be par plus any index gain. If the basket performance declines, the payout will be par.

The notes are expected to price Sept. 25 and settle on Sept. 30.

Barclays Capital Inc. is the agent.

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