Barclays plans buffered return enhanced notes tied to WTI crude oil

By Marisa Wong

Madison, Wis., Aug. 14 – Barclays Bank plc plans to price 0% buffered return enhanced notes due Sept. 3, 2015 linked to futures contracts on WTI crude oil, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.3715 times any gain in the price of palladium, up to the maximum return of 13.715%.

Investors will receive par for losses up to 10% and will lose 1.1111% per 1% decline beyond 10%.

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

The notes will price on Aug. 15 and settle on Aug. 20.

The Cusip number is 06741UHQ0.

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