New Issue: Barclays prices $3.14 million contingent buffer enhanced notes linked to oil

By Angela McDaniels

Tacoma, Wash., Nov. 26 - Barclays Bank plc priced $3.14 million of 0% leveraged contingent buffer enhanced notes due Feb. 2, 2015 linked to WTI light sweet crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of oil is greater than or equal to the barrier level, the payout at maturity will be par plus 300% of the oil return, subject to a minimum return of zero and a maximum return of 15.33%. The barrier level is 80% of the initial price.

If the final price is less than the barrier level, investors will lose 1% for every 1% that the final price is less than the initial price.

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

Issuer:	Barclays Bank plc
Issue:	Leveraged contingent buffer enhanced notes
Underlying commodity:	WTI light sweet crude oil
Amount:	$3.14 million
Maturity:	Feb. 2, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If final price of oil is greater than or equal to barrier level, par plus 300% of oil return, subject to zero minimum return and 15.33% maximum return; if final price is less than barrier level, 1% loss for every 1% that final price is less than initial price
Initial oil price:	$94.84
Final oil price:	Average of price of oil on five trading days ending Jan. 28, 2015
Barrier price:	$75.87, 80% of initial price
Pricing date:	Nov. 22
Settlement date:	Nov. 27
Underwriter:	Barclays
Dealers:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.1%
Cusip:	06741TZ75

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