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Barclays plans buffered return notes on S&P 500 index via JPMorgan
By Susanna Moon
Chicago, March 15 - Barclays Bank plc plans to price 0% buffered return enhanced notes due April 4, 2012 linked to S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of at least 11.43%.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the lead agents with Barclays Capital Inc. as co-agent.
The notes will price on March 18 and settle on March 23.
The Cusip is 06738KEQ0.
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