Barclays to price barrier notes tied to Dow Jones-UBS Commodity index

By Marisa Wong

Madison, Wis., June 11 - Barclays Bank plc plans to price 0% barrier notes due June 18, 2015 linked to the Dow Jones-UBS Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.

A barrier event occurs if the index closes below the barrier level on any day during the life of the notes. The barrier level is expected to be between 85% and 89% of the initial level.

If the index finishes at or above the initial level, the payout at maturity will be par plus the index return, subject to a maximum return of 25%.

If the index return is negative but a barrier event has not occurred, the payout will be par plus the absolute value of the index return. Otherwise, investors will be fully exposed to losses.

Barclays is the agent.

The notes will price on June 13 and settle on June 18.

The Cusip number is 06741TXD4.

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