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Barclays plans buffered return enhanced notes tied to commodity basket
By Susanna Moon
Chicago, Feb. 22 - Barclays Bank plc plans to price 0% buffered return enhanced notes due Feb. 27, 2014 linked to a basket of equally weighted commodities and a commodities index, according to an FWP filing with the Securities and Exchange Commission.
The underlying components are Brent crude oil, platinum, copper and the S&P GSCI Grains Index Excess Return.
The payout at maturity will be par plus 1.48 times any gain in the basket, up to a maximum return of 22.2%.
Investors will receive par if the basket falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Barclays Capital Inc. is the agent, and JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the dealers.
The notes will price on Feb. 24 and settle on Feb. 29.
The Cusip number is 06738KS85.
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