Barclays plans four-year notes tied to basket of 10 commodity indexes

By Susanna Moon

Chicago, May 3 - Barclays Bank plc plans to price notes due May 31, 2016 linked to a basket of 10 equally weighted commodity indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying indexes are the S&P GSCI Sugar Index Excess Return, the S&P GSCI Cocoa Index Excess Return, the S&P GSCI Corn Index Excess Return, the S&P GSCI Cotton Index Excess Return, the S&P GSCI Lean Hogs Index Excess Return, the S&P GSCI Gold Index Excess Return, the S&P GSCI Natural Gas Index Excess Return, the S&P GSCI Lead Index Excess Return, the S&P GSCI Nickel Index Excess Return and the S&P GSCI Zinc Index Excess Return.

The notes will pay a coupon each year equal to 0.25% plus the greater of (a) the average of the basket indexes' performances on the applicable coupon observation date and (b) zero.

If an index's return is greater than or equal to zero, its performance will be the return cap of 7% to 9%. Otherwise, an index's performance will be the greater of its return and negative 25%.

The payout at maturity will be par plus the final coupon payment.

Barclays Capital Inc. is the agent.

The notes will price on May 25 and settle on May 31.

The Cusip number is 06738K4M0.

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