Barclays plans buffered return enhanced notes linked to palladium

By Jennifer Chiou

New York, Dec. 20 - Barclays Bank plc plans to price 0% buffered return enhanced notes due Jan. 20, 2015 linked to palladium, according to an FWP with the Securities and Exchange Commission.

If the final price of palladium is above the initial level, the payout at maturity will be par plus 1.4 times the gain, up to the maximum return of 14%.

Investors will receive par for losses up to 10% and will share in losses at a rate of 1.1111% per 1% decline beyond the buffer.

The notes (Cusip: 06741T3V7) will price on Jan. 2 and settle on Jan. 7.

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

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