Barclays plans 0% buffered return enhanced notes linked to Euro Stoxx 50 via JPMorgan

By Jennifer Chiou

New York, Nov. 21 - Barclays Bank plc plans to sell 0% buffered return enhanced notes due Dec. 15, 2008 linked to the Dow Jones Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

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

If the final index level is at least the initial level, the payout at maturity will be par plus double any gain on the index, capped at a maximum return of 18.3%.

If the index declines up to 10%, the payout will be par. Investors will lose 1.1111% for every 1% the index declines beyond 10%.

The final index level will equal the average of the index's closing level on the five trading days ending on Dec. 10, 2008.

The notes are expected to price on Nov. 30 and settle on Dec. 5.

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