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

By E. Janene Geiss

Philadelphia, June 25 - Barclays Bank plc plans to price 0% return enhanced notes due July 16, 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 triple any index gain, subject to a maximum return that will be at least 20.85% and will be set at pricing.

Investors will be fully exposed to any index decline.

The final index level will be the arithmetic average of the index's closing levels on the five consecutive trading days ending July 13, 2009.

The notes are expected to price June 27 and settle July 2.

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