New Issue: Barclays prices $12.12 million contingent buffer enhanced notes tied to WTI crude oil

By Toni Weeks

San Luis Obispo, Calif., March 18 - Barclays Bank plc priced $12.12 million of 0% contingent buffer enhanced notes due May 26, 2015 linked to futures contracts on WTI crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the price of WTI crude finishes at or above the 79.3% barrier level, the payout at maturity will be par plus 10%, for a fixed payment of $1,100 per $1,000 principal amount of notes.

Otherwise, investors will be fully exposed to any losses.

The final WTI crude price will be the average of the settlement prices on the five trading days ending May 20, 2015.

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

Issuer:	Barclays Bank plc
Issue:	Contingent buffer enhanced notes
Underlying commodity:	WTI crude oil
Amount:	$12,118,000
Maturity:	May 26, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If final price of oil is greater than or equal to barrier level, fixed payment of $1,100 per $1,000 principal amount of notes; otherwise, 1% loss for every 1% that final price is less than initial price
Initial oil price:	$98.89
Final oil price:	Average of price of oil on five trading days ending May 20, 2015
Barrier price:	$78.42, 79.3% of initial price
Pricing date:	March 14
Settlement date:	March 19
Underwriter:	Barclays
Dealers:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.2%
Cusip:	06741UAA2

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