Barclays plans market plus notes linked to WTI crude oil futures

By Toni Weeks

San Luis Obispo, Calif., March 25 - Barclays Bank plc priced $9.74 million of 0% market plus notes due June 2, 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 81% barrier level, the payout at maturity will be par plus the greater of the 8.25% contingent minimum return and the asset return.

Otherwise, investors will be fully exposed to losses.

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

Issuer:	Barclays Bank plc
Issue:	Market plus notes
Underlying commodity:	WTI crude oil futures contract
Amount:	$9,735,000
Maturity:	June 2, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If crude finishes at or above barrier level, par plus greater of 8.25% and asset return; otherwise, full exposure to losses
Initial price:	$99.46
Barrier level:	$80.56, 81% of initial level
Pricing date:	March 21
Settlement date:	March 26
Underwriter:	Barclays
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.2%
Cusip:	06741UAQ7

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