Barclays to price contingent buffer enhanced notes linked to oil

By Angela McDaniels

Tacoma, Wash., March 13 - Barclays Bank plc plans to price 0% contingent buffer enhanced notes due March 26, 2014 linked to Brent crude oil, according to an FWP filing with the Securities and Exchange Commission.

If the final price of Brent crude oil is greater than or equal to the barrier level, the payout at maturity will be par plus 10.2%. The barrier level will be 85% of the initial price.

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

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

The notes are expected to price March 15 and settle March 20.

The Cusip number is 06741TQZ3.

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