Barclays amends maturity, pricing dates for notes on commodity indexes

By Marisa Wong

Madison, Wis., May 4 - Barclays Bank plc amended the maturity, pricing and settlement dates for its upcoming notes linked to an equally weighted basket of 10 commodity indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes (Cusip: 06738K4M0) are due May 27, 2016, and they will price on May 24 and settle on May 30.

According to a previous 424B2 filing, the notes were scheduled to price on May 25, settle on May 31 and mature on May 31, 2016.

The underlying indexes are the S&P GSCI Sugar Index Excess Return, the S&P GSCI Cocoa Index Excess Return, the S&P GSCI Corn Index Excess Return, the S&P GSCI Cotton Index Excess Return, the S&P GSCI Lean Hogs Index Excess Return, the S&P GSCI Gold Index Excess Return, the S&P GSCI Natural Gas Index Excess Return, the S&P GSCI Lead Index Excess Return, the S&P GSCI Nickel Index Excess Return and the S&P GSCI Zinc Index Excess Return.

The notes will pay a coupon each year equal to 0.25% plus the greater of (a) the average of the basket indexes' performances on the applicable coupon observation date and (b) zero.

If an index's return is greater than or equal to zero, its performance will be the return cap of 7% to 9%. The exact cap will be set at pricing. Otherwise, an index's performance will be the greater of its return and negative 25%.

The payout at maturity will be par plus the final coupon payment.

Barclays Capital Inc. is the agent.

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