Barclays to price 0% notes linked to buffered return enhanced index basket via JPMorgan

By E. Janene Geiss

Philadelphia, June 18 - Barclays Bank plc plans to price 0% notes due July 9, 2009 linked to a weighted basket of three buffered return enhanced components via JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc., according to an FWP filing with the Securities and Exchange Commission.

The basket includes 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 par plus the basket return, which will equal the sum of the weighted returns for the basket indexes.

If a component index finishes above its initial level, its return will be double the gain, capped at a maximum return. If a component index falls by 10% or less, its return will be zero. If a component index falls by more than 10%, its return will be 1.1111% multiplied by the decline beyond 10%.

The maximum return will be at least 16.5% for the Euro Stoxx 50, at least 14.5% for the FTSE 100 and at least 18.2% for the Topix. The exact caps will be determined at pricing.

The final level will be the arithmetic average of the basket's closing levels on the five consecutive trading days ending July 6, 2009.

The notes will price June 20 and settle June 25.

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