Barclays plans one-year notes with 20% buffer tied to nine stocks

By Susanna Moon

Chicago, Jan. 9 - Barclays Bank plc plans to price 0% notes due February 2013 linked to a basket of equally weighted stocks and American Depositary Shares, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Berkshire Hathaway Inc., Comcast Corp., Freeport-McMoRan Copper & Gold Inc., MetLife, Inc., Procter & Gamble Co., Royal Dutch Shell plc American Depositary Shares, Sanofi American Depositary Shares, Seagate Technology plc and Vodafone Group plc American Depositary Shares.

The payout at maturity will be par plus double any basket gain, up to a maximum return of 14% to 18%. The exact cap will be set at pricing.

Investors will receive par if the basket falls by up to 20% and will be fully exposed to any decline if the basket falls by more than 20%.

Barclays Capital Inc. is the agent.

The notes will price and settle in January.

The Cusip is 6738KH53.

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