Barclays plans Buffered Super Track Notes linked to Brazilian real

By Angela McDaniels

Tacoma, Wash., May 11 - Barclays Bank plc plans to price 0% Buffered Super Track Notes due May 28, 2010 linked to the performance of the Brazilian real against the dollar, according to an FWP filing with the Securities and Exchange Commission.

If the dollar/real exchange rate is above the knock-out barrier on any day during the life of the notes, the payout at maturity will be par plus 3%. The knock-out barrier will be 25% above the initial exchange rate.

Otherwise, the payout will be:

• Par plus any appreciation in the real relative to the dollar;

• Par if the real depreciates relative to the dollar by 15% or less; or

• Par minus 1% for every 1% that the real depreciates beyond 15%.

The notes are expected to price May 26 and settle May 29.

Barclays Capital Inc. is the agent.

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