Barclays plans capped market plus notes tied to basket of commodities

By Toni Weeks

San Diego, Dec. 4 - Barclays Bank plc plans to price 0% capped market plus notes due June 12, 2014 linked to a basket of commodities, according to an FWP filing with the Securities and Exchange Commission.

The equally weighted basket components are Brent crude oil, corn, palladium and copper.

If the final basket level is greater than or equal to 75% of the initial basket level, the payout at maturity will be par plus the greater of 5% and the basket return, subject to a maximum return of at least 11% that will be set at pricing. Otherwise, investors will be fully exposed to the basket decline.

The notes (Cusip: 06741TLH8) are expected to price Dec. 7 and settle Dec. 12.

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

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