New Issue: Barclays prices $2.07 million buffered enhanced notes tied to three commodities

By Marisa Wong

Madison, Wis., Oct. 2 - Barclays Bank plc priced $2.07 million of 0% buffered enhanced notes due Oct. 9, 2013 linked to a basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of Brent crude, corn and palladium.

If the final basket level is at least 85% of the initial basket level, the payout at maturity will be par plus the greater of the 5.35% contingent minimum return and the basket return, subject to a maximum return of 10%.

If the final basket level is below the barrier level, investors will lose 1.1765% for every 1% basket decline below the 85% barrier level.

Barclays is the agent with JPMorgan Chase Bank, NA and JPMorgan Securities LLC handling distribution.

Issuer:	Barclays Bank plc
Issue:	Buffered enhanced notes
Underlying commodities:	Brent crude, corn and palladium, equally weighted
Amount:	$2.07 million
Maturity:	Oct. 9, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final basket level is at least 85% of initial basket level, par plus greater of 5.35% and basket return, return capped at 10%; if final basket level is below barrier level, 1.1765% loss for every 1% drop beyond 15% buffer
Initial prices:	$112.39 for Brent crude, 756.25¢ for corn, $642.00 for palladium
Pricing date:	Sept. 28
Settlement date:	Oct. 3
Agent:	Barclays with JPMorgan Chase Bank, NA and JPMorgan Securities LLC handling distribution
Fees:	1%
Cusip:	06741THE0

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.