Barclays to price buffered iSuperTrack Notes linked to Apple

By Angela McDaniels

Tacoma, Wash., Nov. 12 - Barclays Bank plc plans to price 0% buffered iSuperTrack Notes due Nov. 30, 2009 linked to the common stock of Apple Inc., according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 120% of any share price gain, subject to a maximum return that will be at least 18.5% and will be set at pricing. Investors will receive par if the share price declines by 20% or less and will lose 1% for every 1% that the share price declines beyond 20%.

In each case, investors will also receive a supplemental amount that is expected to be $50 per $1,000 principal amount of notes, not to exceed the maximum return. The exact supplemental amount will be set at pricing.

The notes are expected to price on Nov. 24 and settle on Nov. 28.

Barclays Capital Inc. is the agent.

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