Barclays plans market plus notes linked to WTI crude oil futures

By Marisa Wong

Madison, Wis., April 8 - Barclays Bank plc plans to price 0% market plus notes due June 22, 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 80% barrier level, the payout at maturity will be par plus the greater of the 7.2% contingent minimum return and the asset return.

Otherwise, investors will be fully exposed to losses.

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

The notes will price on April 11 and settle on April 16.

The Cusip number is 06741UBY9.

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