New Issue: Barclays prices $4.14 million buffered return enhanced notes linked to commodity basket

By Angela McDaniels

Tacoma, Wash., Feb. 28 - Barclays Bank plc priced $4.14 million of 0% buffered return enhanced notes due Feb. 27, 2014 linked to the performance of a commodity basket, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes Brent crude oil, platinum, copper and the S&P GSCI Grains Index Excess Return.

The payout at maturity will be par plus 1.48 times any increase in the basket, subject to a maximum return of 22.2%. Investors will receive par if the basket declines by 20% or less and will lose 1.25% for every 1% that the basket declines beyond 20%.

Barclays Capital Inc. is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.

Issuer:	Barclays Bank plc
Issue:	Buffered return enhanced notes
Underlying basket:	Brent crude oil, platinum, copper and the S&P GSCI Grains Index Excess Return, equally weighted
Amount:	$4,144,000
Maturity:	Feb. 27, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.48 times any basket increase, up to maximum return of 22.2%; par if basket declines by 20% or less; 1.25% loss for every 1% that basket declines beyond 20%
Initial levels:	$125.47 per barrel of oil; $1,714.00 per troy ounce of platinum; $8,441.00 per tonne of copper; 41.51205 for grains index
Pricing date:	Feb. 24
Settlement date:	Feb. 29
Agent:	Barclays Capital Inc.
Dealers:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	06738KS85

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