Barclays changes initial index level for 0% notes linked to WTI Crude 11M Deferred TR index

By Angela McDaniels

Tacoma, Wash., May 30 - Barclays Bank plc changed the initial index level for its 0% notes linked to the Barclays Series-2 WTI Crude 11M Deferred TR index to 1,463.205 from 1,489.385, according to a 424B2 filing with the Securities and Exchange Commission.

The $1.75 million of notes priced May 23, settled May 29 and will mature May 26, 2017.

As previously reported, the index reflects the returns available by maintaining a rolling position in exchange-traded futures contracts for WTI crude oil.

The notes are putable, subject to a minimum of $1 million of notes, and callable at any time.

The payout at maturity or upon redemption will be par plus the index return, which may be positive or negative, and minus an investor fee of 0.75% per year. If the notes are put or called within the first six months, the investor fee will be calculated as if the notes had been held for the full six-month period.

Barclays Capital Inc. is the agent.

The Cusip number is 06738K6A4.

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