Barclays to price SuperTrack notes linked to basket of commodities, S&P SGCI subindexes

By Angela McDaniels

Seattle, Oct. 18 - Barclays Bank plc plans to price 0% buffered SuperTrack notes due Oct. 24, 2011 linked to a basket of commodities and subindexes of the S&P GSCI Commodity index, according to an FWP filing with the Securities and Exchange Commission.

The basket includes copper with a 20% weight; lead with a 15% weight; aluminum, zinc and gold, each with a 10% weight; the S&P GSCI Soybeans Index Excess Return, S&P GSCI Sugar Index and S&P GSCI Cotton Index Excess Return, each with a 10% weight; and the S&P GSCI Corn Index Excess Return with a 5% weight.

The payout at maturity will be par plus any basket gain multiplied by the participation rate, which is expected to be 200% to 230% and will be determined at pricing. Investors will receive par if the index declines by 20% or less and will lose 1% for each 1% that the basket declines beyond 20%.

The notes are expected to price on Oct. 19 and settle on Oct. 24.

Barclays Capital Inc. will be 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.