New Issue: Barclays prices $583,000 notes due 2018 linked to basket of 10 commodity indexes

By Toni Weeks

San Luis Obispo, Calif., March 27 - Barclays Bank plc priced $583,000 of notes due March 28, 2018 linked to a basket of 10 commodity indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the S&P GSCI Aluminum Index Excess Return, the S&P GSCI Live Cattle Index Excess Return, the S&P GSCI Cocoa Index Excess Return, the S&P GSCI Cotton Index Excess Return, the S&P GSCI Lean Hogs Index Excess Return, the S&P GSCI Precious Metals 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 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 equal to the 6.6% return cap. Otherwise, an index's performance will be the greater of its return and negative 15%.

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

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Notes
Underlying indexes:	S&P GSCI Aluminum Index Excess Return, the S&P GSCI Live Cattle Index Excess Return, the S&P GSCI Cocoa Index Excess Return, the S&P GSCI Cotton Index Excess Return, the S&P GSCI Lean Hogs Index Excess Return, the S&P GSCI Precious Metals 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, equally weighted
Amount:	$583,000
Maturity:	March 28, 2018
Coupon:	Greater of (a) average of indexes' performances on applicable coupon observation date and (b) zero; payable annually
Index performance:	If index's return is greater than or equal to zero, 6.6%; otherwise, greater of index's return and negative 15%
Price:	Par
Payout at maturity:	Par plus final coupon payment
Pricing date:	March 25
Settlement date:	March 28
Agent:	Barclays
Fees:	3%
Cusip:	06741TPS0

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