Barclays to price Buffered Super Track Notes linked to index basket

By Laura Lutz

Des Moines, Sept. 10 - Barclays Bank plc plans to price an issue of 0% Buffered Super Track Notes due Sept. 28, 2012 linked to a basket of four indexes via LaSalle Financial Services Inc., according to a LaSalle term sheet.

The basket consists of equal weights of the Dow Jones Euro Stoxx 50 index, the MSCI Singapore index, the Nikkei 225 index and the S&P 500 index.

If the final basket level is at least the initial level, the payout at maturity will be par plus 130% of any positive return on the basket.

If the basket declines by up to 20%, the payout will be par. Investors will lose 1% for every 1% that the basket declines beyond 20%.

The notes are expected to price on Sept. 25 and settle on Sept. 28.

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