New Issue: Barclays prices $300,000 capped participation notes linked to gold

By Toni Weeks

San Luis Obispo, Calif., March 15 - Barclays Bank plc priced $300,000 of 0% capped participation notes due Sept. 18, 2014 linked to the performance of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 125% of any increase in the price of gold, subject to a maximum return of 16%. Investors will receive par if the price of gold falls by up to 10% and will be exposed to losses from the initial price if it falls by more than 10%.

The final price is the average of the gold prices on the five trading days ending Sept. 15, 2014.

Barclays is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Capped participation notes
Underlying asset:	Gold
Amount:	$300,000
Maturity:	Sept. 18, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any gain in gold price, return capped at 16%; par if gold price falls by up to 10% and full exposure to losses if it falls by more than 10%
Initial price:	$1,589.25
Final price:	Average of final prices on five trading dates ending Sept. 15, 2014
Pricing date:	March 13
Settlement date:	March 18
Underwriter:	Barclays
Fees:	1%
Cusip:	06741TQR1

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