Barclays plans to price knock-out buffered notes on 15 stocks, ADSs

By Marisa Wong

Madison, Wis., Nov. 22 - Barclays Bank plc plans to price 0% knock-out buffered notes due June 3, 2013 linked to a basket of common stocks and American Depositary Shares, according to an FWP filing with the Securities and Exchange Commission.

The equally weighted basket includes the common stocks of Pfizer Inc., Deere & Co., PepsiCo, Inc., YUM! Brands, Inc., Apple Inc and Philip Morris International Inc.; the class A common stock of Google Inc.; and the American Depositary Shares of Unilever plc, Total SA, BP plc, Siemens AG, Vodafone Group plc, Anheuser-Busch InBev SA/NV, HSBC Holdings plc and BHP Billiton Ltd.

If the final basket level is less than the initial level by more than 22%, the payout at maturity will be par plus the basket return, with full exposure to losses. Otherwise, the payout will be par plus the greater of the basket return and 3%.

The notes (Cusip: 06738KZW4) are expected to price Nov. 23 and settle Nov. 29.

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

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