New Issue: Barclays prices $19.02 million capped market plus notes on oil, corn, palladium, copper

By Jennifer Chiou

New York, Dec. 12 - Barclays Bank plc priced $19,023,000 of 0% capped market plus notes due June 12, 2014 linked to a basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.

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

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 11%. Otherwise, investors will be fully exposed to the basket decline.

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

Issuer:	Barclays Bank plc
Issue:	Capped market plus notes
Underlying commodities:	Brent crude oil, corn, copper and palladium
Amount:	$19,023,000
Maturity:	June 12, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If final basket level is greater than or equal to 75% of initial basket level, par plus greater of 5% and basket return, subject to maximum return of 11%; otherwise, full exposure to basket decline
Initial commodity prices:	$107.02 per barrel of oil; 737.25 cents per bushel of corn; $698 per troy ounce of palladium; $7,965.50 per ton of copper
Pricing date:	Dec. 7
Settlement date:	Dec. 12
Agent:	Barclays Capital Inc.
Dealers:	J.P. Morgan Chase Bank, NA and JPMorgan Securities LLC
Fees:	1.25%
Cusip:	06741TLH8

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