Barclays to price notes tied to three buffered return enhanced indexes via JPMorgan

By Angela McDaniels

Tacoma, Wash., Oct. 27 - Barclays Bank plc plans to price 0% notes due Nov. 17, 2010 linked to a basket of three buffered return enhanced components, according to an FWP filing with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.

The components are the Dow Jones Euro Stoxx 50 index with a 49% weight, the Topix index with a 28% weight and the FTSE 100 index with a 23% weight.

The payout at maturity will be par plus the basket return, which will equal the sum of the weighted component returns for the basket indexes.

If an index's underlying return is positive or flat, its component return will be double the underlying return, subject to a cap. If an index's underlying return is less than zero but not less than negative 10%, its component return will be 0%. If an index's underlying return is less than negative 10%, its component return will be 0% minus 1.1111% for every 1% that the underlying return is less than negative 10%.

The cap will be at least 17.2% for the Euro Stoxx 50, at least 10.6% for the Topix and at least 15% for the FTSE 100. The exact caps will be set at pricing.

The notes will price Oct. 30 and settle Nov. 4.

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