Barclays plans contingent buffer enhanced notes tied to WTI crude oil

By Toni Weeks

San Luis Obispo, Calif., March 11 - Barclays Bank plc plans to price 0% contingent buffer enhanced notes due May 26, 2015 linked to futures contracts on WTI crude oil, according to an FWP filing with the Securities and Exchange Commission.

If the price of WTI crude finishes at or above the 79.3% barrier level, the payout at maturity will be par plus 10%, for a maximum payment of $1,100 per $1,000 principal amount of notes.

Otherwise, investors will be fully exposed to any losses.

The final WTI crude price will be the average of the settlement prices on the five trading days ending May 20, 2015.

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

The notes (Cusip: 06741UAA2) will price March 14 and settle March 19.

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