Barclays plans notes linked to WTI crude oil futures contracts

By Marisa Wong

Madison, Wis., July 17 – Barclays Bank plc plans to price 0% notes due Sept. 29, 2015 linked to futures contracts on WTI crude oil, according to an FWP filing with the Securities and Exchange Commission.

If the price of WTI crude finishes at or above the 90% barrier level, the payout at maturity will be par plus the greater of the 8.4% contingent minimum return and 2 times the asset return, subject to a maximum return of 20%.

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.

The notes will price on July 18 and settle on July 23.

The Cusip number is 06741UGF5.

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