JPMorgan plans 0% return-enhanced notes linked to Russell 2000 for Barclays

By E. Janene Geiss

Philadelphia, Jan. 8 - Barclays Bank plc plans to price an issue of return-enhanced notes due Jan. 24, 2008 linked to the Russell 2000 index with J.P. Morgan Securities Inc. as the placement agent, according to an FWP filing with the Securities and Exchange Commission.

The notes are expected to price Jan. 12 and settle Jan. 18.

The payout at maturity will par plus triple any positive return on the index, up to a maximum total return that will be determined at pricing and will be at least 20.76%.

Investors will be fully exposed to any decline in the index.

J.P. Morgan Securities Inc. will be the placement agent for the offering.

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