New Issue: Barclays prices $7.3 million contingent buffer enhanced notes tied to WTI crude

By Marisa Wong

Madison, Wis., Oct. 28 - Barclays Bank plc priced $7.3 million of 0% contingent buffer enhanced notes due Jan. 13, 2015 linked to WTI crude, according to a 424B2 filing with the Securities and Exchange Commission.

If the price of WTI crude finishes at or above the 85% barrier level, the payout at maturity will be par plus the maximum return of 11.01%.

Otherwise, investors will be fully exposed to any losses.

Barclays is the agent. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are placement agents.

Issuer:	Barclays Bank plc
Issue:	Contingent buffer enhanced notes
Underlying commodity:	WTI crude
Amount:	$7,301,000
Maturity:	Jan. 13, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If WTI crude finishes at or above barrier level, par plus 11.01%; otherwise, full exposure to losses
Initial oil price:	$97.11
Barrier level:	$82.54, or 85% of initial price
Pricing date:	Oct. 24
Settlement date:	Oct. 29
Agent:	Barclays with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
Fees:	1.1%
Cusip:	06741TV53

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