Barclays plans notes with 64%-68% barrier linked to Brent crude oil

By Susanna Moon

Chicago, April 12 - Barclays Bank plc plans to price 0% barrier notes due Oct. 21, 2013 linked to the Brent crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.

A barrier event will occur if the settlement price of Brent crude oil is less than the 64% to 68% barrier level on any day during the life of the notes. The exact barrier level will be set at pricing.

If a barrier event does not occur, the payout at maturity will be par plus the absolute value of the Brent crude return.

Otherwise, the payout will be par plus the asset return, with exposure to any losses.

Barclays Capital Inc. is the agent.

The notes will price on April 13 and settle on April 20.

The Cusip number is 06738K3M1.

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