Barclays plans buffered return enhanced notes on copper via JPMorgan

By Susanna Moon

Chicago, May 24 - Barclays Bank plc plans to price 0% buffered return enhanced notes due June 11, 2012 linked to the price of copper, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the price of copper, up to a maximum return of at least 14%.

Investors will receive par if the price of copper 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 placement agents with Barclays Capital Inc. as co-agent.

The notes will price on May 27 and settle on June 2.

The Cusip is 06738KKZ3.

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