Barclays plans trigger PLUS linked to basket of seven commodities

By Susanna Moon

Chicago, April 1 - Barclays Bank plc plans to price 0% trigger Performance Leveraged Upside Securities due May 21, 2015 linked to a basket of two commodities and futures contracts on four commodities, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying components are grade A copper, RBOB gasoline futures contracts, live cattle futures contracts, palladium, soybeans futures contracts and West Texas Intermediate light sweet crude oil futures contracts.

The payout at maturity will be par plus double any basket gain.

Investors will receive par if the basket falls by up to 10% and will be fully exposed to any losses if the basket finishes below the 90% trigger level.

Barclays is the underwriter.

The notes will price on April 17 and settle on April 23.

The Cusip number is 06742B170.

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