You are reading it right... although with the armor save capped at 1+ now, enchanted shield isn't all that necessary. Just take a mundane shield and a dragonhelm.. cheaper and you are immune to fire (basically).
Yeah, use the rules for the item in the BRB. The price for the item is ALWAYS the army book price. At least the war banner is only 25 points for us instead of 35.
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