Barclays plans buffered return enhanced notes on commodities basket

By Susanna Moon

Chicago, Dec. 12 - Barclays Bank plc plans to price 0% buffered return enhanced notes due Dec. 19, 2013 linked to a equally weighted basket of commodities and a commodity index, according an FWP with the Securities and Exchange Commission.

The underlying components are Brent crude, platinum, copper and the S&P GSCI Grains Index Excess Return.

The payout at maturity will be par plus 2.02 times any basket gain, up to a maximum return of 30.3%.

Investors will receive par for losses up to 20% and will lose 1.25% per 1% decline beyond the 20% buffer.

Barclays Capital Inc. is the agent, and JPMorgan Chase Bank, NA and JPMorgan Securities LLC will handle distribution.

The notes will price on Dec. 16 and settle on Dec. 21.

The Cusip is 06738KD65.

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