New Issue: Barclays prices $1.41 million trigger PLUS linked to commodities

By Angela McDaniels

Tacoma, Wash., May 2 - Barclays Bank plc priced $1.41 million of 0% trigger Performance Leveraged Upside Securities due Nov.4, 2014 linked to a basket of six commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of Brent blend crude oil with a 25% weight, copper with a 20% weight, corn with a 15% weight, gold with a 15% weight, soybeans with a 15% weight and gasoline RBOB with a 10% weight.

The payout at maturity will be par plus 300% of any basket gain, up to a maximum payout of $1,322.50 for each $1,000 principal amount. Investors will receive par if the basket falls by up to 10% and will be fully exposed to losses from the initial level if the basket declines by more than 10%.

Barclays is the agent with Morgan Stanley Smith Barney LLC as a dealer.

Issuer:	Barclays Bank plc
Issue:	Trigger Performance Leveraged Upside Securities
Underlying basket:	Brent blend crude oil (25% weight), copper (20% weight), corn (15% weight), gold (15% weight), soybeans (15% weight) and gasoline RBOB (10% weight)
Amount:	$1,413,000
Maturity:	Nov. 4, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any basket gain, capped at 32.25%; par if basket falls by 10% or less; full exposure to losses if basket falls by more than 10%
Pricing date:	April 30
Settlement date:	May 3
Agent:	Barclays
Dealer:	Morgan Stanley Smith Barney LLC
Fees:	2%
Cusip:	06741TSL2

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