Barclays to sell buffered notes linked to Asian indexes via JPMorgan

By Susanna Moon

Chicago, Nov. 12 - Barclays Bank plc plans to price 0% buffered return enhanced notes due Dec. 1, 2010 linked to a basket of indexes and their related currencies, according to an FWP filing with the Securities and Exchange Commission.

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

The basket consists of the Hang Seng China Enterprises index with a 33% weight, the Kospi 200 index with a 24% weight, the MSCI Taiwan index with a 21% weight, the Hang Seng index with a 14% weight and the MSCI Singapore index with an 8% weight.

The payout at maturity will be par plus double any basket gain, up to a maximum return of at least 19% with the exact cap to be set at pricing.

Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

The notes are expected to price on Nov. 13 and settle on Nov. 18.

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