Barclays plans contingent buffer enhanced notes linked to Brent crude

By Angela McDaniels

Tacoma, Wash., June 19 - Barclays Bank plc plans to price 0% contingent buffer enhanced notes due July 3, 2013 linked to Brent crude oil futures contracts, according to an FWP filing with the Securities and Exchange Commission.

If the final price of Brent crude oil futures contracts is greater than or equal to the barrier level, the payout at maturity will be par plus 10.4%. The barrier level will be 75% of the initial price.

If the final price is less than the barrier level, investors will be fully exposed to the decline.

The notes are expected to price June 22 and settle June 27.

Barclays Capital Inc. is the underwriter, with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.

The Cusip number is 06741TBP1.

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