Barclays plans contingent buffered return notes on three commodities

By Marisa Wong

Madison, Wis., Sept. 12 - Barclays Bank plc plans to price 0% contingent buffered return enhanced notes due Sept. 25, 2013 linked to a basket of three commodities, according to an FWP 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 basket return, subject to a minimum return of 6% and a maximum return of at least 10% that will be set at pricing.

If the final basket level is less than 85% of the initial basket level, investors will lose 1.1765% for every 1% decline beyond 15%.

Barclays is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

The notes are expected to price Sept. 14 and settle Sept. 19.

The Cusip number is 06741TGH4.

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