Barclays plans buffered Super Track notes linked to commodity basket

By Marisa Wong

Madison, Wis., Jan. 31 - Barclays Bank plc plans to price 0% buffered Super Track notes due March 5, 2012 linked to the performance of a basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes WTI crude with a 15% weight; gasoline RBOB, heating oil, copper, nickel and gold, each with a 10% weight; and corn, cotton, soybean and sugar, each with an 8.75% weight.

If the basket return is positive, the payout at maturity will be par plus double the basket gain, subject to a maximum return of 15% to 25% that will be set at pricing.

Investors will receive par if the basket declines by 8% to 12% or less and will lose 1% for every 1% decline beyond the buffer, which will also be set at pricing.

The notes (Cusip: 06741JCQ0) will price Feb. 23 and settle Feb. 28.

Barclays Capital Inc. is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.