Barclays to price buffered iSuper Track notes linked to iShares Dow Jones U.S. Real Estate

By Jennifer Chiou

New York, May 17 - Barclays Bank plc plans to price buffered iSuper Track notes due June 11, 2012 linked to the iShares Dow Jones U.S. Real Estate index fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay periodic amounts of $10 per note on a quarterly basis.

The payout at maturity will be par plus any increase in the exchange-traded fund's share price, subject to a maximum return of 20% to 30% that will be set at pricing. Investors will receive par if the share price declines by 15% or less and will lose 1% for each 1% decline beyond 15%.

With the periodic payments factored in, up to 77% of any initial investment is at risk.

The notes are expected to price on June 4 and settle on June 9.

Barclays Capital Inc. is the agent.

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