Published on 8/13/2007 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $11.455 million 0% buffered return enhanced notes linked to Euro Stoxx 50
By Jennifer Chiou
New York, Aug. 13 - Barclays Bank plc priced an $11.455 million issue of 0% buffered return enhanced notes due Aug. 22, 2008 linked to the Dow Jones Euro Stoxx 50 index, 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 18.8%. Investors will share in any losses beyond 10% at a rate of 1.1111% per 1% drop below 10%.
JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.
Issuer: | Barclays Bank plc
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Issue: | Buffered return enhanced senior unsecured notes
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Underlying index: | Dow Jones Euro Stoxx 50 index
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Amount: | $11.455 million
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Maturity: | Aug. 22, 2008
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, capped at 18.8%; par if the index loses up to 10%; share in losses at 1.1111% per 1% drop beyond 10%
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Initial index level: | 4,161.29
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Pricing date: | Aug. 10
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Settlement date: | Aug. 15
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Agent: | JPMorgan Chase Bank, NA, J.P. Morgan Securities Inc.
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Fees: | 1%
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