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Barclays to sell Buffered Super Track Notes tied to iShares Russell 2000 fund
By E. Janene Geiss
Philadelphia, June 5 - Barclays Bank plc plans to price 0% Buffered Super Track Notes due July 28, 2010 linked to the iShares Russell 2000 index fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain, up to a maximum return of 19% to 25%, with the exact cap to be set at pricing.
Investors will receive par if the share price falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
The notes will price on June 25 and settle on June 30.
Barclays Capital Inc. is the agent.
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