Barclays plans buffered return notes linked to Dow Jones - UBS Commodity index via JPMorgan

By E. Janene Geiss

Philadelphia, Nov. 25 - Barclays Bank plc plans to price 0% buffered return enhanced notes due Dec. 5, 2011 linked to the Dow Jones - UBS Commodity Index 3 Month Forward index, according to an FWP filing with the Securities and Exchange Commission.

Barclays Capital and J.P. Morgan Securities Inc. are the agents.

The payout at maturity will be par plus at least 1.61 times any gain in the index, up to a maximum return of at least 21.735%. The exact participation rate and cap will be set at pricing.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.

The final index level will be the arithmetic average of the index's closing levels on the five consecutive trading days ending Nov. 28, 2011.

The notes are expected to price on Nov. 27 and settle on Dec. 4.

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