Barclays to price buffered return enhanced notes linked to S&P 500 via JPMorgan

By E. Janene Geiss

Philadelphia, June 4 - Barclays Bank plc plans to price 0% buffered return enhanced notes due June 24, 2009 linked to the S&P 500 index via JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc., according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return that will be at least 14.4% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% decline beyond 10%.

The final index level will be the arithmetic average of the index's closing levels on the five consecutive trading days ending June 19 2009.

The notes are expected to price June 6 and settle June 11.

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