New Issue: Barclays prices $22.75 million contingent buffer enhanced notes linked to oil

By Angela McDaniels

Tacoma, Wash., July 31 - Barclays Bank plc priced $22.75 million of 0% contingent buffer enhanced notes due Aug. 13, 2014 linked to WTI crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of oil is greater than or equal to the barrier level, the payout at maturity will be par plus the greater of 8.75% and the oil return. The barrier level is 80% of the initial price.

If the final price is less than the barrier level, investors will be fully exposed to the decline from the initial level.

Barclays is the underwriter, with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as agents.

Issuer:	Barclays Bank plc
Issue:	Contingent buffer enhanced notes
Underlying commodity:	WTI crude oil
Amount:	$22.75 million
Maturity:	Aug. 13, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If final price of oil is greater than or equal to barrier level, par plus greater of 8.75% and oil return; if final price is less than barrier level, full exposure to decline from initial level
Initial oil price:	$104.55
Final oil price:	Average of settlement prices of oil on the five trading days ending Aug. 8, 2014
Barrier level:	$83.64, 80% of initial price
Pricing date:	July 29
Settlement date:	Aug. 1
Underwriter:	Barclays
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	06741TZY6

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