Barclays plans buffered return enhanced notes tied to index basket

By Susanna Moon

Chicago, March 28 - Barclays Bank plc plans to price 0% buffered return enhanced notes due April 17, 2013 linked to a basket of indexes and their related currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the Korea Composite Stock Price Index 200 with a 25% weight, the Hang Seng index with a 25% weight, the Hang Seng China Enterprises index with a 21% weight, the MSCI Taiwan index with a 20% weight and the MSCI Singapore index with a 9% weight.

The related currencies are the Hong Kong dollar for the Hang Seng indexes, the Korean won for the Kospi, the Taiwan dollar for the MSCI Taiwan and the Singapore dollar for the MSCI Singapore.

The payout at maturity will be par plus double any gain in the basket, up to a maximum return of 14.8%.

Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

Barclays Capital Inc. is the agent, and JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the dealers.

The notes will price on March 30 and settle on April 4.

The Cusip number is 06738K2G5.

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