By Susanna Moon
Chicago, April 13 - Barclays Bank plc priced $3 million of 0% return enhanced notes due Jan. 9, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
J.P. Morgan Securities Inc. and JPMorgan Chase Bank, NA are the agents.
The payout at maturity will be par plus five times any index gain, up to a maximum return of 69%.
Investors will be exposed to any losses.
The issuer noted that the initial index level is not equal to the official index closing level on the pricing date, which was 825.16.
| Issuer: | Barclays Bank plc
|
| Issue: | Return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3 million
|
| Maturity: | Jan. 9, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus five times any index gain, capped at 69%; exposure to losses
|
| Initial index level: | 820.46
|
| Pricing date: | April 8
|
| Settlement date: | April 14
|
| Agents: | J.P. Morgan Securities Inc. and JPMorgan Chase Bank, NA
|
| Fees: | 1.85%
|
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