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Barclays plans buffered iSuper Track notes tied to S&P 500, four funds
By Susanna Moon
Chicago, Dec. 12 - Barclays Bank plc plans to price buffered iSuper Track notes due June 22, 2015 linked to a basket of index and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 70% weight, iShares MSCI EAFE index fund with a 15% weight, MidCap SPDR Trust Series 1 with a 8% weight, iShares MSCI Emerging Markets index fund with a 4% weight and the iShares Russell 2000 index fund with a 3% weight.
The notes will pay 1.885% per year, semiannually.
The payout at maturity will be par plus any basket gain, up to a return of 32% to 55%. The exact cap will be set at pricing.
Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Barclays Capital Inc. is the agent.
The notes will price on Dec. 19 and settle on Dec. 22.
The Cusip number is 06738KD57.
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