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Barclays plans buffered return enhanced notes linked to Dow Jones - UBS Crude Oil 3 Month Forward
By Angela McDaniels
Tacoma, Wash., May 26 - Barclays Bank plc plans to price 0% buffered return enhanced notes due June 21, 2011 linked to Dow Jones - UBS Crude Oil 3 Month Forward sub-index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 1.66 times any index gain, subject to a maximum return of at least 24.9%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
The exact upside leveraged factor and maximum return will be set at pricing.
The notes are expected to price May 28 and settle June 7.
JPMorgan Chase Bank, NA and JPMorgan Securities Inc. are the agents.
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