Barclays plans buffered return enhanced notes on Dow Jones-UBS Crude Oil 3 Month Forward via JPM

By Jennifer Chiou

New York, June 2 - Barclays Bank plc plans to price 0% buffered return enhanced notes due June 24, 2011 linked to the Dow Jones-UBS Crude Oil Index 3 Month Forward sub-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 153% times any increase in the index, capped at a maximum return of at least 22.95%. The exact upside leverage factor and cap will be set at pricing.

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 notes will price on June 4 and settle on June 11.

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