By E. Janene Geiss
Philadelphia, April 22 - Barclays Bank plc priced $31.22 million 0% notes due May 1, 2009 linked to a weighted basket of three buffered return enhanced components, according to a 424B2 filing with the Securities and Exchange Commission.
J.P. Morgan Securities Inc. is the agents.
The basket consists of the Dow Jones Euro Stoxx 50 index with a 55% weight, the FTSE 100 index with a 25% weight and the Topix index with a 20% weight.
For each component of the basket, the payout at maturity will be par plus double any gain, capped at a return of 15.4% for the Euro Stoxx 50, 13.6% for the FTSE 100 and 16.5% for the Topix.
If a basket index falls by up to 10%, investors will receive par for the component. Investors will lose 1.1111% for every 1% drop beyond 10%.
The maximum payment at maturity is $1,151.80 per $1,000 principal amount.
The closing level for each index will be the average of its closing levels on the five consecutive trading days ending April 28, 2009.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered return enhanced notes
|
| Underlying indexes: | Dow Jones Euro Stoxx 50 (55% weight), the FTSE 100 (25% weight) and Topix index (20% weight)
|
| Amount: | $31,220,000
|
| Maturity: | May 1, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | For each component of the basket, the payout at maturity will be par plus double any gain, capped at a return of 15.4% for the Euro Stoxx 50, 13.6% for the FTSE 100 and 16.5% for the Topix; if a basket index falls by up to 10%, investors will receive par for the component; investors will lose 1.1111% for every 1% drop beyond 10%.
|
| Initial index levels: | 3,808.59 for Euro Stoxx, 6,056.50 for FTSE and 1,304.06for Topix
|
| Final index levels: | Average of indexes' closing levels on five consecutive trading days ending April 28, 2009
|
| Pricing date: | April 18
|
| Settlement date: | April 23
|
| Agent: | J.P. Morgan Securities Inc., Barclays Capital
|
| Fees: | 1%
|
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