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Barclays plans buffered Super Track notes on Korea Composite index
By Jennifer Chiou
New York, Nov. 29 - Barclays Bank plc plans to price 0% buffered Super Track notes due June 20, 2012 linked to the Korea Composite Stock Price index, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par plus the index gain, capped at 10% to 25%. The exact cap will be set at pricing.
Investors will receive par if the index declines by up to 15% and will lose 1% for every 1% decline beyond 15%.
The notes (Cusip: 06740PR81) will price on Dec. 15 and settle on Dec. 20.
Barclays Capital Inc. is the agent.
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