Published on 3/25/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $9.4 million 0% return enhanced notes linked to Topix via JPMorgan
By Marisa Wong
Milwaukee, March 25 - Barclays Bank plc priced $9.4 million of 0% return enhanced notes due July 1, 2010 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, subject to a cap of 9.06%. Investors will be fully exposed to any index decline.
JPMorgan Chase Bank NA and J.P. Morgan Securities Inc. are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Return enhanced notes
|
| Underlying index: | Topix
|
| Amount: | $9.4 million
|
| Maturity: | July 1, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, with a cap of 9.06%; full exposure to losses
|
| Initial level: | 951.97
|
| Pricing date: | March 24
|
| Settlement date: | March 29
|
| Agents: | JPMorgan Chase Bank NA and J.P. Morgan Securities Inc.
|
| Fees: | None
|
| Cusip: | 06740LBR5
|
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