Barclays plans to price capped market plus notes linked to commodities

By Toni Weeks

San Diego, Jan. 10 - Barclays Bank plc plans to price 0% capped market plus notes due July 15, 2013 linked to a basket of commodities and a commodity index, according to an FWP filing with the Securities and Exchange Commission.

The equally weighted basket components are Brent Crude, platinum, copper and the S&P GSCI Grains Index Excess Return.

If the basket level on the final valuation date is greater than or equal to 80% of the initial level, the payout at maturity will be par plus the greater of the contingent minimum return of 7.3% and the basket return, subject to a maximum return of at least 20%. The actual maximum return will be set at pricing.

Otherwise, investors will receive par plus the basket return, with full exposure to losses.

The notes (Cusip: 06738KG96) will price Jan. 10 and settle Jan. 13.

Barclays Capital Inc. will be the agent with J.P. Morgan Chase Bank, NA and JPMorgan Securities LLC as distributors.

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