Barclays plans buffered return enhanced notes linked to platinum and copper

By E. Janene Geiss

Philadelphia, Aug. 26 - Barclays Bank plc plans to price 0% buffered return enhanced notes due Sept. 7, 2010 linked to an equally weighted basket of platinum and copper, 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 1.105 times any gain in the index, up to a maximum return of at least 22.1%. The exact participation rate and cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

The notes are expected to price Aug. 28 and settle Sept. 4.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.