Barclays to price buffered return enhanced notes tied to commodities

By Toni Weeks

San Diego, Sept. 18 - Barclays Bank plc plans to price 0% buffered return enhanced notes due Oct. 2, 2013 linked to a basket of 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 greater of the 5.6% contingent minimum return and the basket return, subject to a maximum return of at least 10%.

If the final basket level is below the barrier level, investors will lose 1.1765% for every 1% basket decline beyond the 85% barrier level.

The exact terms will be set at pricing.

The notes (Cusip: 06741TGP6) are expected to price Sept. 21 and settle Sept. 26.

Barclays is the agent with JPMorgan Chase Bank, NA and JPMorgan Securities LLC as distributors.

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