Barclays plans leveraged contingent barrier notes linked to Brent crude

By Susanna Moon

Chicago, Nov. 13 - Barclays Bank plc plans to price 0% leveraged contingent barrier enhanced notes due Nov. 27, 2013 linked to Brent crude futures contract, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the price of Brent crude oil, up to a maximum return of at least 28.5%. The exact cap will be set at pricing.

Investors will receive par if the price falls by up to 20% and will be fully exposed to losses if the price falls below the 80% barrier level.

Barclays is the agent. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are placement agents.

The notes will price on Nov. 16 and settle on Nov. 21.

The Cusip number is 06741TKP1.

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