New Issue: Barclays prices $9.29 million notes linked to WTI crude oil

By Angela McDaniels

Tacoma, Wash., Sept. 25 - Barclays Bank plc priced $9.29 million of 0% notes due March 26, 2015 linked to WTI crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of oil is greater than or equal to the barrier level, 70% of the initial price, then the payout at maturity will be par plus the greater of (a) 200% of the oil return and (b) 4%. If the final price of oil is less than the barrier level, investors will have 1-to-1 exposure to the decline in oil from its initial price.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Notes
Underlying commodity:	WTI crude oil
Amount:	$9,291,000
Maturity:	March 26, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If final price of oil is greater than or equal to barrier level, par plus greater of (a) 200% of oil return and (b) 4%; otherwise, 1-to-1 exposure to decline in oil from initial price
Initial oil price:	$103.59 per barrel
Barrier level:	70% of initial price
Pricing date:	Sept. 23
Settlement date:	Sept. 26
Agent:	Barclays
Fees:	0.1%
Cusip:	06741TM87

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