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Barclays plans to price 0% buffered Super Track notes linked to gold
By Marisa Wong
Madison, Wis., Jan. 14 - Barclays Bank plc plans to price 0% buffered Super Track notes due Jan. 31, 2013 linked to the performance of gold, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the price of gold, up to a maximum return of 16%.
Investors will receive par if the price of gold declines by 10% or less and will lose 1% for every 1% decline beyond 10%.
The notes (Cusip: 06741JBU2) will price on Jan. 26 and settle on Jan. 31.
Barclays Capital Inc. is the agent.
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