Barclays plans to price two-year notes linked to commodities basket

By Angela McDaniels

Tacoma, Wash., April 15 - Barclays Bank plc plans to price 0% notes due April 23, 2013 linked to a basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes Brent crude oil with a 15% weight; gasoline RBOB, heating oil, copper, nickel and gold, each with a 10% weight; and corn, cotton, soybeans and sugar, each with an 8.75% weight.

The payout at maturity will be par plus 200% of the basket return if the basket gains, subject to a maximum return of 45% to 60% that will be set at pricing.

Investors will be exposed to the decline if the basket falls, subject to a minimum payout of 80% of par.

The notes (Cusip: 06738KHN4) will price April 18 and settle April 21.

Barclays Capital Inc. is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.