Barclays to price buffered return enhanced notes linked to S&P 500

By Marisa Wong

Madison, Wis., Sept. 28 - Barclays Bank plc plans to price 0% buffered return enhanced notes due Oct. 19, 2011 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return of at least 14.58% that 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 (Cusip: 06740PUZ7) are expected to price Sept. 30 and settle Oct. 5.

JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.