New Issue: Barclays prices $3.55 million contingent buffer enhanced notes linked to Brent crude

By Toni Weeks

San Luis Obispo, Calif., June 18 - Barclays Bank plc priced $3.55 million of 0% contingent buffer enhanced notes due June 25, 2014 linked to Brent crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of Brent crude oil is at or above the 85% barrier level, the payout at maturity will be par plus the maximum return of 9.06%.

Otherwise, investors will be fully exposed to any losses.

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

Issuer:	Barclays Bank plc
Issue:	Contingent buffer enhanced notes
Underlying commodity:	Brent crude oil
Amount:	$3,548,000
Maturity:	June 25, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If Brent crude finishes at or above barrier level, par plus 9.06%; otherwise, full exposure to losses
Initial oil price:	$105.93
Barrier level:	$90.04, or 85% of initial price
Pricing date:	June 14
Settlement date:	June 19
Agent:	Barclays
Dealers:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	06741TXL6

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