Barclays plans buffered return enhanced notes linked to S&P GSCI Agricultural via JPMorgan

By Susanna Moon

Chicago, July 14 - Barclays Bank plc plans to price 0% buffered return enhanced notes due July 22, 2011 linked to the S&P GSCI Agricultural Excess Return index, 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 at least 1.4 times any gain in the index, up to a maximum return of at least 35%. The exact participation rate and cap will be set at pricing.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.

The notes are expected to price on July 17 and settle on July 24.

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