By Jennifer Chiou
New York, Oct. 25 - Barclays Bank plc priced $1 million of 0% capped market plus notes due May 2, 2012 linked to a basket of Asian indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Hang Seng China Enterprises index with a 33% weight, the Kospi 200 index with a 25% weight, the MSCI Taiwan index with a 19% weight, the Hang Seng index with a 14% weight and the MSCI Singapore index with a 9% weight.
If the basket closes at or above the barrier level - 75% of the initial level - on each day during the life of the notes, the payout at maturity will be par plus the greater of the basket return and 6.05%.
Otherwise, the payout will be par plus the basket return with exposure to losses.
In either case, the payout is subject to a maximum return of 30%.
JPMorgan Chase Bank, NA and JPMorgan Securities LLC are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped market plus notes
|
| Underlying indexes: | Hang Seng China Enterprises index (33% weight), the Kospi 200 index (25% weight), the MSCI Taiwan index (19% weight), the Hang Seng index (14% weight) and the MSCI Singapore index (9% weight)
|
| Amount: | $1 million
|
| Maturity: | May 2, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket stays at or above 75% of initial level throughout life of notes, par plus greater of basket return and 6.05%; otherwise par plus return with exposure to losses; return capped at 30% in both cases
|
| Initial index levels: | Hang Seng China Enterprises at 13,615.41, Kospi 200 at 242.53, MSCI Taiwan at 286.34, Hang Seng at 23,649.48 and MSCI Singapore at 374.70
|
| Pricing date: | Oct. 21
|
| Settlement date: | Oct. 26
|
| Agents: | JPMorgan Chase Bank, NA and JPMorgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 06740P3D6
|
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