By Susanna Moon
Chicago, June 9 - Barclays Bank plc priced $12.23 million 0% buffered return enhanced notes due June 24, 2009 linked to a weighted basket of three buffered return enhanced components, according to a 424B2 filing with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are 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.
The payout at maturity will be the sum of the return of each basket component multiplied by its weighting.
The payout at maturity for each component will be its share of par plus any gain, capped at a maximum return. If the component falls by up to 10%, the payout will be its share of par. If the component falls by more than 10%, investors will lose 1.1111% for each 1% decline beyond 10%.
The maximum return will be 14.8% for the Euro Stoxx 50, 13.6% for the FTSE 100 and 15.52% for the Topix.
The final level will be the arithmetic average of the basket's closing levels on the five consecutive trading days ending June 19, 2009.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered return enhanced notes
|
| Underlying index: | Dow Jones Euro Stoxx 50 index (55% weight), the FTSE 100 index (25% weight) and the Topix index (20% weight)
|
| Amount: | $12.23 million
|
| Maturity: | June 24, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | For each component, its share of par plus the basket return, capped at 14.8% for Euro Stoxx, 13.6% for FTSE and 15.52% for Topix; its share of par if the component falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
|
| Final index level: | Arithmetic average of index closing levels on the five trading days ending on June 19, 2009
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| Initial index levels: | 3,596.70 for Euro Stoxx, 5,906.80 for FTSE and 1,428.11 for Topix
|
| Pricing date: | June 6
|
| Settlement date: | June 11
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
|
| Fees: | 1%
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