Barclays pushes back pricing of notes linked to Voyager III index

By Angela McDaniels

Tacoma, Wash., Aug. 11 - Barclays Bank plc changed the pricing, settlement and maturity dates of its upcoming 0% notes linked to the Barclays Capital Voyager III DJ - UBSCI Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will price Aug. 12, settle Aug. 19 and mature Aug. 19, 2016. Before the change, they were expected to price Aug. 8, settle Aug. 15 and mature Aug. 15, 2016.

The payout at maturity will be par plus the index return, which could be positive or negative, minus an investor fee that equals (a) 1.45% per year times (b) $1,000 times (c) the final index level divided by (d) the initial index level.

The notes are putable at any time, subject to a minimum of 100 notes, and they are callable at any time. The payout will be determined in the same way as at maturity.

If the index falls below 40% of its initial level at any time on any day during the life of the notes, the company has the option to redeem the notes. The index return will be calculated using the intraday level of the index on the trigger date as determined by the calculation agent.

The index is designed to provide investors with exposure to commodities markets while seeking to limit the potential downside of investing in commodities. The commodities underlying the index are selected to correspond to the commodities included in the Dow Jones - UBS Commodity index. The index consists of positions in either one or two of the following indexes for the relevant commodity: Barclays Capital Single Commodity Nearby Excess Return Indexes and Barclays Capital Pure Beta Indexes.

The level of the index will be reduced on any given trading day when the level of the index its calculated by an estimated execution cost equal to 0.3% per year.

Barclays Capital Inc. is the agent.

The Cusip number is 06738KRR4.

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