Barclays to price buffered return enhanced notes linked to gold

By Jennifer Chiou

New York, Nov. 21 - Barclays Bank plc plans to price 0% buffered return enhanced notes due Dec. 5, 2011 linked to gold, according an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus 157% of any gain, capped at a return of at least 15.7%. Investors will receive par for losses up to 15% and will share in losses beyond the buffer at a rate of 1.17647% per 1% decline.

The notes (Cusip: 06738KZT1) are expected to price on Nov. 23 and settle on Nov. 29.

Barclays Capital Inc. is the agent with JPMorgan Chase Bank, NA and JPMorgan Securities LLC as distributors.

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