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Barclays to price Buffered iSuperTrack Notes linked to iShares Dow Jones U.S. Real Estate
By Angela McDaniels
Tacoma, Wash., Jan. 20 - Barclays Bank plc plans to price 0% Buffered iSuperTrack Notes due Feb. 8, 2012 linked to the iShares Dow Jones U.S. Real Estate index fund, according to an FWP filing with the Securities and Exchange Commission.
Noteholders will receive periodic payments of $10 per quarter.
The payout at maturity will be par plus any share price gain, subject to a maximum return of 13.5% to 18.5% that will be set at pricing. Investors will receive par if the share price declines by 15% or less and will be exposed to any decline beyond 15%.
Investors will also receive the scheduled periodic payment at maturity, which will count toward the maximum return.
The notes are expected to price Feb. 3 and settle Feb. 8.
Barclays Capital Inc. is the agent.
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