Barclays to price principal-protected notes linked to commodities

By E. Janene Geiss

Philadelphia, Jan. 30 - Barclays Bank plc plans to price zero-coupon 100% principal-protected notes due Feb. 27, 2014 linked to a basket of commodities and commodity indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of copper, tin, gold and platinum, along with the S&P GSCI Natural Gas Index Excess Return, S&P GSCI Crude Oil Excess Index Return, S&P GSCI Livestock Excess Index Return and the S&P GSCI Agriculture Index Excess Return.

If the basket return is positive, the payout at maturity will be par plus the gain, capped at a maximum return on the notes of 60% to 70%. The exact cap will be set at pricing.

If the basket return is negative, the payout will be par.

The notes are expected to price on Feb. 24 and settle on Feb. 27.

Barclays Capital Inc. is the agent.

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