By Toni Weeks
San Diego, March 22 - Barclays Bank plc priced $9.96 million of 0% buffered return enhanced notes due Sept. 25, 2012 linked to a basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes Brent crude, corn, palladium and copper, each weighted at 25%.
The payout at maturity will be par plus 1.27 times the basket return, subject to a maximum return of 25.4%. Investors will receive par if the basket declines by 30% or less and will fully share in losses if the basket declines more than 30%.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered return enhanced notes
|
| Amount: | $9.96 million
|
| Maturity: | Sept. 25, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.27 times basket return, capped at 25.4%; par if basket declines by 30% or less; full exposure to losses if basket declines by more than 30%
|
| Pricing date: | March 18
|
| Settlement date: | March 25
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1.85%
|
| Cusip: | 06738KEN7
|
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