Barclays cuts participation rate for five-year notes tied to Capital Commodity Producers Currency

By Jennifer Chiou

New York, Dec. 21 - Barclays Bank plc reduced the participation rate of its notes due Dec. 24, 2015 linked to the Barclays Capital Commodity Producers Currency Index (CPCI)-6 VA USD Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 0.70%, payable annually.

The payout at maturity will be par plus at least 190% - down from 210% - of any gain, with the exact participation rate to be set at pricing.

If the index falls, the payout will be par.

The notes (Cusip: 06740PYH3) will price on Dec. 21 and settle Dec. 27.

Barclays Capital Inc. is the agent.

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