By Susanna Moon
Chicago, June 9 - Barclays Bank Delaware priced $6.51 million 0% buffered return enhanced notes due June 24, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.
The payout at maturity will be par plus double any gain on the index, up to a maximum return of 14.4%.
If the index falls by up to 10%, the payout will be par. Investors will lose 1.1111% for each 1% decline beyond 10%.
The final index level will be the arithmetic average of the closing levels on the five trading days ending on June 19, 2009.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $6,509,000
|
| Maturity: | June 24, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, capped at 14.4% return; par if index falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
|
| Initial index level: | 1,360.68
|
| Final index level: | Arithmetic average of index closing levels on the five trading days ending on June 18, 2009
|
| Pricing date: | June 6
|
| Settlement date: | June 11
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
|
| Fees: | 1%
|
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