Barclays plans leveraged contingent barrier enhanced notes tied to oil

By Angela McDaniels

Tacoma, Wash., Sept. 24 - Barclays Bank plc plans to price 0% leveraged contingent barrier enhanced notes due Oct. 9, 2013 linked to Brent crude oil, according to an FWP filing with the Securities and Exchange Commission.

If the final price of Brent crude oil is greater than the initial price, the payout at maturity will be par plus three times the increase, subject to a maximum return of at least 30% that will be set at pricing.

If the price declines by 20% or less, investors will receive par.

If the price declines by more than 20%, investors will be exposed to the decline from the initial price.

The notes are expected to price Sept. 28 and settle Oct. 3.

Barclays is the agent. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are dealers.

The Cusip number is 06741TGZ4.

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