Barclays to price dual directional notes linked to WTI crude oil

By Angela McDaniels

Tacoma, Wash., Sept. 13 - Barclays Bank plc plans to price 0% dual directional notes due March 20, 2015 linked to the performance of WTI crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of WTI crude is greater than or equal to the barrier level, the payout at maturity will be par plus the absolute value of the asset return. Otherwise, investors will be fully exposed to the decline from the initial price.

The barrier level is expected to be 73% to 77% of the initial price and will be set at pricing.

Barclays is the agent.

The notes will price Sept. 17 and settle Sept. 20.

The Cusip number is 06741TL39.

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