Barclays plans buffered return enhanced notes linked to Asian indexes

By Susanna Moon

Chicago, June 20 - Barclays Bank plc plans to price 0% buffered return enhanced notes due July 10, 2013 linked to a basket of Asian indexes and their related currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the Korea Composite Stock Price Index 200 with a 25% weight, the Hang Seng index with a 25% weight, the Hang Seng China Enterprises index with a 21% weight, the MSCI Taiwan index with a 20% weight and the MSCI Singapore index with a 9% weight. The related currencies are the Korean won, the Hong Kong dollar, the Taiwan dollar and the Singapore dollar.

The payout at maturity will be par plus double any gain in the basket, up to a maximum return of 16.5%.

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

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 06741TBS5.

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