Barclays plans buffered return enhanced notes tied to four commodities

By Angela McDaniels

Tacoma, Wash., March 21 - Barclays Bank plc plans to price 0% buffered return enhanced notes due Oct. 2, 2021 linked to a basket of commodities, according to an FWP filing with the Securities and Exchange Commission.

The basket includes Brent crude oil, corn, palladium and copper, each with a 25% weight.

The payout at maturity will be par plus 1.3 times any basket gain, subject to a maximum return of 26%. Investors will receive par if the basket declines by 30% or less and will fully share in the decline if the basket falls by more than 30%.

The notes (Cusip: 06738KFJ5) are expected to price March 25 and settle April 1.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

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