New Issue: Barclays prices $1.54 million contingent buffer enhanced notes linked to Brent crude

By Susanna Moon

Chicago, June 5 - Barclays Bank plc priced $1.54 million of 0% contingent buffer enhanced notes due June 11, 2014 linked to Brent crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the price of Brent crude oil finishes at or above the 85% barrier level, the payout at maturity will be par plus the greater of any gain up to a maximum return of 15% and the contingent minimum return of 6.5%.

Otherwise, investors will be fully exposed to any losses.

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

Issuer:	Barclays Bank plc
Issue:	Contingent buffer enhanced notes
Underlying commodity:	Brent crude oil
Amount:	$1,535,000
Maturity:	June 11, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If Brent crude finishes at or above barrier level, par plus any gain, floor of 6.5% and capped at 15%; otherwise, full exposure to losses
Initial oil price:	$100.39
Barrier level:	$85.33, or 85% of initial price
Pricing date:	May 31
Settlement date:	June 5
Agent:	Barclays
Dealers:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	06741TWG8

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