Barclays plans buffered return enhanced notes linked to palladium

By Susanna Moon

Chicago, Jan. 24 - Barclays Bank plc plans to price 0% buffered return enhanced notes due Feb. 17, 2015 linked to palladium, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.21 times any gain in the price of palladium, up to the maximum return of 12.1%.

Investors will receive par for losses up to 10% and will lose 1.1111% per 1% decline beyond 10%.

Barclays is the underwriter, with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.

The notes will price on Jan. 30 and settle on Feb. 4.

The Cusip number is 06741T4X2.

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