Barclays plans 0% five-year notes tied to Pure Beta DJ - UBS CI index

By Angela McDaniels

Tacoma, Wash., Jan. 10 - Barclays Bank plc plans to price 0% notes due Jan. 29, 2016 linked to the Barclays Capital Pure Beta DJ - UBS CI Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are putable at any time subject to a minimum of 100 notes. The company can call the notes upon the occurrence of a change-in-law redemption event or hedging-disruption event.

The payout upon redemption or at maturity will be par plus the index return, which could be positive or negative, minus an investor fee of 1.75% per year.

The index is designed to reflect the total returns available through the application of the Pure Beta Series 2 Methodology to exchange-traded futures contracts for a basket of physical commodities. The methodology seeks to mitigate distortions in the commodities markets associated with investment flows and supply distortions.

The notes (Cusip 06740PYY6) will price Jan. 26 and settle Jan. 31.

Barclays Capital Inc. is the agent.

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