By Angela McDaniels
Tacoma, Wash., June 8 - Barclays Bank plc priced $6 million of 0% return enhanced notes due June 10, 2014 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 1.989 times any index gain. Investors will be fully exposed to any index decline.
The index follows the methodology of the Dow Jones - UBS Commodity index, except that the futures contracts used are advanced such that the delivery months for the reference contracts are three months later than those of the corresponding reference contracts used for the base index.
| Issuer: | Barclays Bank plc
|
| Issue: | Return enhanced notes
|
| Underlying index: | Dow Jones - UBS Commodity Index 3 Month Forward
|
| Amount: | $6 million
|
| Maturity: | June 10, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.989 times any index gain; full exposure to any index decline
|
| Initial index level: | 257.186
|
| Pricing date: | June 5
|
| Settlement date: | June 10
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
|
| Fees: | 2.5%
|
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