Barclays to price notes linked to 10 S&P GSCI commodity indexes

By Angela McDaniels

Tacoma, Wash., Oct. 5 - Barclays Bank plc plans to price notes due Oct. 21, 2015 linked to a basket of commodity indexes, according a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the S&P GSCI Sugar Index Excess Return, the S&P GSCI Cocoa Index Excess Return, the S&P GSCI Corn Index Excess Return, the S&P GSCI Cotton Index Excess Return, the S&P GSCI Coffee Index Excess Return, the S&P GSCI Gold Index Excess Return, the S&P GSCI Natural Gas Index Excess Return, the S&P GSCI Aluminum Index Excess Return, the S&P GSCI Nickel Index Excess Return and the S&P GSCI Zinc Index Excess Return.

The notes will pay a coupon each year equal to 0.25% plus the greater of (a) the average of the index performances on the applicable coupon observation date and (b) zero.

If an index's return is greater than or equal to zero, its performance will be equal to the return cap, which is expected to be 9.75% to 11.75% and will be set at pricing. Otherwise, its performance will be the greater of the index return and negative 20%.

The payout at maturity will be par plus the final coupon payment, if any.

The notes (Cusip: 06738KXA4) are expected to price Oct. 18 and settle Oct. 21.

Barclays Capital Inc. is the agent.

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