Barclays plans 0% buffered return enhanced notes tied to gold via JPM

By Jennifer Chiou

New York, April 27 - Barclays Bank plc plans to price 0% buffered return enhanced notes due May 6, 2010 linked to the performance of gold, 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 payout at maturity will be par plus 1.5 times any gain in the price of gold, up to a maximum return of at least 15%. The exact cap will be set at pricing.

Investors will receive par if the price falls by up to 15% and will lose 1.17647% for each 1% decline beyond 15%.

The notes are expected to price on April 30 and settle on May 5.

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