By Jennifer Chiou
New York, Feb. 4 - Barclays Bank plc priced $64.02 million of 0% buffered return enhanced notes due Aug. 5, 2010 linked to the S&P GSCI Crude Oil Excess Return Index, according to a 424B2 filing with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.
If the final index level is at least the initial level, the payout at maturity will be par plus 1.66 times any index gain, capped at 58.1%.
If the index declines by up to 15%, the payout will be par. Investors will lose 1% for each 1% the index declines beyond 15%.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered return enhanced notes
|
| Underlying index: | S&P GSCI Crude Oil Excess Return
|
| Amount: | $64.02 million
|
| Maturity: | Aug. 5, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.66 times any index gain, capped at 58.1%; par if index falls by 15% or less; 1% loss for every 1% decline beyond 15%
|
| Initial index level: | 403.93
|
| Pricing date: | Feb. 2
|
| Settlement date: | Feb. 5
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
|
| Fees: | 1.5%
|
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