By Susanna Moon
Chicago, Dec. 22 - Barclays Bank plc priced $5.03 million of 0% buffered return enhanced notes due Dec. 27, 2011 linked to the Dow Jones - UBS Commodity Index 3 Month Forward, 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 payout at maturity will be par plus 1.77 times any index gain, up to a maximum return of 23.895%.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered return enhanced notes
|
| Underlying index: | Dow Jones - UBS Commodity Index 3 Month Forward
|
| Amount: | $5.03 million
|
| Maturity: | Dec. 27, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 177% of any index gain, capped at 23.895%; par if index falls by 15% or less; 1.1765% loss for every 1% decline beyond 15%
|
| Initial index level: | 276.1562
|
| Pricing date: | Dec. 18
|
| Settlement date: | Dec. 28
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
|
| Fees: | 1.5%
|
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