Barclay plans principal-protected notes linked to commodities basket

By Angela McDaniels

Tacoma, Wash., April 15 - Barclays Bank plc plans to price zero-coupon 100% principal-protected notes due April 30, 2014 linked to a basket of commodities, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of aluminum, copper, gold, nickel, palladium, platinum, soybeans, sugar, West Texas Intermediate crude oil and zinc.

The payout at maturity will be par plus any basket gain, subject to a maximum return that is expected to be 47% to 56% and will be set at pricing. Investors will receive at least par.

The notes are expected to price April 27 and settle April 30.

Barclays Capital Inc. is the agent.

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