Barclays plans leveraged contingent barrier enhanced notes tied to oil

By Susanna Moon

Chicago, Sept. 27 - Barclays Bank plc plans to price 0% leveraged contingent barrier enhanced notes due Oct. 9, 2013 linked to Brent crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the price of Brent crude oil, up to a maximum return of 20%.

Investors will receive par if the price falls by up to 30% and will be fully exposed to any losses if the price of crude falls below the 70% barrier level.

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

The notes will price on Sept. 28 and settle on Oct. 3.

The Cusip number is 06741THM2.

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