Published on 6/2/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6.82 million notes linked to Dow Jones-UBS Commodity 3 Month Forward
By Jennifer Chiou
New York, June 2 - Barclays Bank plc priced $6.82 million of 0% buffered return enhanced notes due Dec. 5, 2011 linked to the Dow Jones-UBS Commodity Index 3 Month Forward index, according to a 424B2 filing with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and JPMorgan Securities Inc. are the agents.
If the index return is positive, the payout at maturity will be par plus 152.5% of the index return, capped at 15.25%.
Investors will receive par for losses up to 15% and will share in any losses at a rate of 1.1765% per 1% decline beyond 15%.
Issuer: | Barclays Bank plc
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Issue: | Buffered return enhanced notes
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Underlying index: | Dow Jones-UBS Commodity Index 3 Month Forward index
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Amount: | $6,819,000
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Maturity: | Dec. 5, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 152.5% of the index return, capped at 15.25%; investors will receive par for losses up to 15% and will share in any losses at a rate of 1.1765% per 1% decline beyond 15%
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Initial level: | 260.306
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Pricing date: | May 28
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Settlement date: | June 7
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Agents: | JPMorgan Chase Bank, NA and JPMorgan Securities Inc.
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Fees: | 1.25%
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Cusip: | 06740LR56
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