By Marisa Wong
Madison, Wis., July 16 - Barclays Bank plc priced $6.03 million of 0% capped market plus notes due Aug. 10, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the barrier level - 75% of the initial level - on any day during the life of the notes, the payout at maturity will be par plus the greater of the index return and 8%.
Otherwise, the payout will be par plus the index return with exposure to losses.
In both cases, the payout is subject to a maximum return of 20%.
JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped market plus notes
|
| Underlying index: | S&P 500
|
| Amount: | $6,025,000
|
| Maturity: | Aug. 10, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index closes at or above 75% of initial level during life of notes, par plus greater of index return and 8%; otherwise par plus return with exposure to losses; return capped at 20% in either case
|
| Initial index level: | 1,096.48
|
| Pricing date: | July 15
|
| Settlement date: | July 20
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
|
| Fees: | 1%
|
| Cusip: | 06740PGS9
|
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