Barclays plans contingent buffered return notes linked to Starbucks

By Susanna Moon

Chicago, June 20 - Barclays Bank plc plans to price 0% contingent buffered return enhanced notes due July 10, 2013 linked to Starbucks Corp. shares, according to an FWP filing with the Securities and Exchange Commission.

A knock-out event occurs if Apple stock finishes below the 75% trigger level.

If a knock-out event fails to occur, the payout at maturity will be par plus the return, with a contingent minimum return of 6% and up to a maximum return of 20%.

Otherwise, investors will be fully exposed to the losses.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

The notes will price on June 22 and settle on June 27.

The Cusip number is 06741TBQ9.

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