By Angela McDaniels
Seattle, May 22 - Barclays Bank plc priced a $32.975 million issue of 0% buffered return enhanced notes due May 30, 2008 linked to the Dow Jones Euro Stoxx 50 index via JPMorgan Chase Bank NA and J.P. Morgan Securities Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, subject to a maximum return of 15.7%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for each 1% decline beyond 10%.
The final index level will be the average of the index's closing levels on May 20, May 21, May 22, May 23 and May 27 of 2008.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered return enhanced notes
|
| Underlying index: | Dow Jones Euro Stoxx 50
|
| Amount: | $32.975 million
|
| Maturity: | May 30, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, capped at 15.7%; par if index declines by 10% or less; 1.1111% loss for each 1% drop beyond 10%
|
| Initial index level: | 4,480.81
|
| Pricing date: | May 18
|
| Settlement date: | May 23
|
| Agents: | JPMorgan Chase Bank NA and J.P. Morgan Securities Inc.
|
| Fees: | 1%
|
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