Barclays plans to price autocallable knock-out buffer notes linked to three indexes via JPMorgan

By Angela McDaniels

Tacoma, Wash., Dec. 1 - Barclays Bank plc plans to price 0% autocallable knock-out buffer notes due Sept. 14, 2010 linked to a basket of indexes, 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 basket includes 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.

If the basket closes at or above 107% of its initial level on any review date, the notes will be automatically called at 107% of par. The review dates will be the fourth business day of each week.

If the notes are not called and the basket declines by more than 16.75% during the life of the notes, the payout at maturity will be par plus the basket return. Otherwise, the payout will be par plus the greater of the basket return and 2%.

In both cases, the payout will be subject to a maximum return of 7%.

The notes are expected to price Dec. 4 and settle Dec. 9.

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