By Jennifer Chiou
New York, June 2 - Barclays Bank plc priced $3.2 million of 0% buffered return enhanced notes due June 21, 2011 linked to the Dow Jones-UBS Crude Oil 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 166% of the index return, capped at 24.9%.
Investors will receive par for losses up to 10% and will share in any losses at a rate of 1.1111% per 1% decline beyond 10%.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered return enhanced notes
|
| Underlying index: | Dow Jones-UBS Crude Oil Index 3 Month Forward index
|
| Amount: | $3.2 million
|
| Maturity: | June 21, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 166% of the index return, capped at 24.9%; investors will receive par for losses up to 10% and will share in any losses at a rate of 1.1111% per 1% decline beyond 10%
|
| Initial level: | 664.4962
|
| Pricing date: | May 28
|
| Settlement date: | June 7
|
| Agents: | JPMorgan Chase Bank, NA and JPMorgan Securities Inc.
|
| Fees: | 1%
|
| Cusip: | 06740LR80
|
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