Barclays plans to price notes linked to basket of five stocks

By Toni Weeks

San Diego, Dec. 18 - Barclays Bank plc plans to price notes due June 2014 linked to a basket of five common stocks, according a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of Delek U.S. Holdings, Inc., HollyFrontier Corp., Marathon Petroleum Corp., Tesoro Corp. and Valero Energy Corp.

The initial basket level will be set to 100. The final basket level will be the initial basket level plus the basket return, which is the average of the basket component returns on the final valuation date.

If the final basket level is greater than the initial level, the payout at maturity will be par plus double the basket return, subject to a maximum return of 17.5%.

Investors will receive par if the basket falls by up to 30% and will be fully exposed to losses from the initial level if the basket declines by more than 30%.

The notes (Cusip: 06741TLX3) are expected to price and settle in December.

Barclays is the agent.

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