Barclays plans to price knock-out buffered notes linked to 15 stocks

By Angela McDaniels

Tacoma, Wash., May 15 - Barclays Bank plc plans to price 0% capped knock-out buffered notes due Nov. 20, 2013 linked to a basket of common stocks, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of Caterpillar Inc., Chicago Bridge & Iron Co. NV, Cummins Inc., Deere & Co., Dow Chemical Co., E.I. du Pont de Nemours and Co., Fluor Corp., General Electric Co., NextEra Energy, Inc., Nucor Corp., Rock-Tenn Co., Rockwood Holdings, Inc., United Parcel Service, Inc., Union Pacific Corp. and Wesco International Inc.

If the final basket level has decreased from the initial level by more than 25%, investors will be fully exposed to the basket decline. Otherwise, the payout at maturity will be par plus the greater of the basket return and 3.5%.

The notes (Cusip: 06738K5V9) are expected to price May 18 and settle May 23.

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

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