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Barclays plans buffered return enhanced notes on Dow Jones - UBS Commodity 3 Month Forward via JPM
By Jennifer Chiou
New York, Feb. 8 - Barclays Bank plc plans to price 0% buffered return enhanced notes due Feb. 23, 2012 linked to the Dow Jones - UBS Commodity Index 3 Month Forward index, according to an FWP filing with the Securities and Exchange Commission.
JPMorgan Chase Bank, N.A. and JPMorgan Securities Inc. are the agents.
The payout at maturity will be par plus at least 140% times any increase in the index, capped at a maximum return of at least 18.9%. The exact upside leverage factor and cap will be set at pricing.
Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.
The notes will price on Feb. 17 and settle on Feb. 22.
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