Barclays plans market plus notes tied to WTI crude oil futures

By Marisa Wong

Madison, Wis., March 12 - Barclays Bank plc plans to price 0% market plus 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 barrier level, 82.6% of the initial price, the payout at maturity will be par plus the greater of the 10% contingent minimum return and the asset return.

Otherwise, investors will be fully exposed to losses.

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

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

The notes will price on March 14 and settle on March 19.

The Cusip number is 06741UAG9.

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