Barclays plans buffered return notes linked to S&P 500 via JPMorgan

By Susanna Moon

Chicago, Oct. 26 - Barclays Bank plc plans to price 0% buffered return enhanced notes due Nov. 16, 2011 based on the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

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

The payout at maturity will be par plus double any gain in the index, up to a maximum return of 12.6%.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

The notes (Cusip 06740PA89) will price on Oct. 29 and settle on Nov. 3.

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