Barclays plans five-year protected notes linked to commodity indexes

By Susanna Moon

Chicago, Dec. 5 - Barclays Bank plc plans to price notes due Dec. 29, 2017 linked to a basket of 10 equally weighted commodity indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying components are the S&P GSCI Sugar Index Excess Return, S&P GSCI Cocoa Index Excess Return, S&P GSCI Corn Index Excess Return, S&P GSCI Lean Hogs Index Excess Return, S&P GSCI Live Cattle Index Excess Return, S&P GSCI Precious Metals Index Excess Return, S&P GSCI Natural Gas Index Excess Return, S&P GSCI Lead Index Excess Return, S&P GSCI Nickel Index Excess Return and S&P GSCI Zinc Index Excess Return.

The coupon will be the average of the stock performances, with a minimum of 0%. If a stock's return is zero or positive, its performance will be fixed at 6.5% to 8.5%. If a stock's return is negative, its performance will be the greater of the stock return and negative 15%. Interest is payable annually.

The payout at maturity will be par plus the final coupon.

Barclays is the agent.

The notes will price on Dec. 26 and settle on Dec. 31.

The Cusip number is 06741TKZ9.

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