Barclays plans buffered iSuper Track Notes on iShares DJ Real Estate

By Jennifer Chiou

New York, March 16 - Barclays Bank plc plans to price 0% buffered iSuper Track Notes due April 10, 2013 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 for each $1,000 principal amount of notes held per quarter.

The payout at maturity will be par plus any share price gain, subject to a maximum return of 15% to 22% 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. With the effect of the payments, holders will risk up to 73% of their investment.

The notes are expected to price on April 6 and settle on April 9.

Barclays Capital Inc. is the agent.

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