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

By Angela McDaniels

Tacoma, Wash., June 21 - Barclays Bank plc plans to price buffered iSuper Track notes due July 12, 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 amounts of $12.50 per note each quarter.

If the final fund level is greater the initial level, the payout at maturity will be par plus the gain, subject to a maximum return of 5%. The payout will be par if the fund declines by up to 25% to 35%, with the exact buffer to be set at pricing. Investors will lose 1% for each 1% that the fund declines beyond the buffer.

The notes are expected to price July 9 and settle July 14.

Barclays Capital Inc. is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.