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Barclays to price buffered iSuperTrack notes linked to iShares Dow Jones U.S. Real Estate fund
By Marisa Wong
Madison, Wis., Nov. 24 - Barclays Bank plc plans to price 0% buffered iSuperTrack notes due Dec. 20, 2012 linked to the iShares Dow Jones U.S. Real Estate index fund, according to a 424B2 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 increase in the fund's share price, subject to a maximum return of 5.3% to 15.3% 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%.
The notes (Cusip: 06740PR57) are expected to price Dec. 15 and settle Dec. 20.
Barclays Capital Inc. is the agent.
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