Barclays plans contingent buffer enhanced notes linked to palladium

By Susanna Moon

Chicago, Oct. 17 - Barclays Bank plc plans to price 0% contingent buffer enhanced notes due Nov. 4, 2014 linked to palladium, according to an FWP filing with the Securities and Exchange Commission.

If the final price of palladium is at or above the 80% barrier level, the payout at maturity will be the greater of par plus the contingent minimum return of 5.51% and any gain, up to the maximum return of 15%.

Otherwise, investors will be fully exposed to any losses.

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

The notes will price on Oct. 18 and settle on Oct. 23.

The Cusip number is 06741TT49.

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