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Barclays plans 0% buffered return enhanced notes linked to Euro Stoxx 50 via JPMorgan
By E. Janene Geiss
Philadelphia, March 2 - Barclays Bank plc plans to sell 0% buffered return enhanced notes due March 19, 2008 linked to the Dow Jones Euro Stoxx 50 index via placement agent JPMorgan Securities, Inc., according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any positive return on the index up to a maximum of 16.5%. If the index declines up to 10%, investors will receive par. Investors will lose 1.1111% for every 1% the index declines beyond 10%.
The return on the index will be calculated as the average of the index's level on March 10, March 11, March 12, March 13 and March 14, 2008.
The notes are expected to price March 9 and settle March 14.
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