Barclays plans to price notes tied to basket of commodity indexes

By Marisa Wong

Madison, Wis., Dec. 5 - Barclays Bank plc plans to price notes due Dec. 28, 2015 linked to a basket of 10 commodity indexes, according to 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 0.5% 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. Otherwise, an index's performance will be the greater of its return and negative 20%. The return cap will be between 9% and 13% and will be set at pricing.

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

The notes (Cusip: 06738KB34) will price on Dec. 22 and settle on Dec. 28.

Barclays Capital Inc. is the agent.

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