By Susanna Moon
Chicago, June 23 - Barclays Bank plc priced $8.73 million 0% notes due July 9, 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 double 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 16.5% for the Euro Stoxx, 14.5% for the FTSE and 20% for the Topix.
The final level for each index will be the arithmetic average of its closing levels on the five consecutive trading days ending July 6, 2009.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying indexes: | Dow Jones Euro Stoxx 50 index (55% weight), FTSE 100 index (25% weight) and Topix index (20% weight)
|
| Amount: | $8,732,000
|
| Maturity: | July 9, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | For each component, its share of par plus double any basket gain, capped at 16.5% for Euro Stoxx, 14.5% for FTSE and 20% for Topix; its share of par if the component falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
|
| Initial index levels: | 3,426.58 for Euro Stoxx, 5,620.80 for FTSE and 1,356.74 for Topix
|
| Final index levels: | Arithmetic average of index closing levels on the five trading days ending on July 6, 2009
|
| Pricing date: | June 20
|
| Settlement date: | June 25
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
|
| Fees: | 1%
|
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