New Issue: JPMorgan prices $11.88 million return enhanced notes linked to Russell 2000 for Barclays

By Jennifer Chiou

New York, April 16 - Barclays Bank plc priced an $11.88 million issue of 0% return enhanced notes due April 23, 2008 linked to the Russell 2000 index via J.P. Morgan Securities Inc. and JPMorgan Chase Bank, NA, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any positive return on the index, up to a maximum return of 19.44%. Investors will share in any losses.

Issuer:	Barclays Bank plc
Issue:	Return enhanced notes
Underlying index:	Russell 2000
Amount:	$11.88 million
Maturity:	April 23, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any positive index return, capped at 19.44%; full exposure to any index decline
Initial index level:	819.38
Pricing date:	April 13
Settlement date:	April 18
Agents:	J.P. Morgan Securities Inc. and JPMorgan Chase Bank, NA
Agent fees:	1%

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