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Barclays plans buffered enhanced notes on commodities via JPMorgan
By Toni Weeks
San Diego, March 9 - Barclays Bank plc plans to price 0% buffered return enhanced notes due Sept. 14, 2012 linked to a basket of commodities, according to an FWP filing with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
The basket includes Brent crude oil, corn, palladium and copper, each weighted at 25%.
The payout at maturity will be par plus 1.28 times the basket return if the return is positive, subject to a maximum return of 25.6%. Investors will receive par if the basket declines by 30% or less. If the basket declines by more than 30%, investors will be exposed to the decline from the initial level.
The notes (Cusip: 06738KEE7) are expected to price on March 11 and settle on March 16.
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