Barclays plans buffered Super Track notes on basket of indexes, ETFs

By Toni Weeks

San Luis Obispo, Calif., Nov. 25 - Barclays Bank plc plans to price 0% buffered Super Track notes due 2018 linked to a basket of indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The unequally weighted basket components consist of the S&P 500 index with a 34.5% weight, Russell 2000 index with an 8% weight, iShares MSCI EAFE index fund with a 9% weight, PowerShares DB Commodity Index Tracking fund with an 8% weight, Consumer Staples Select Sector SPDR fund with a 5% weight, iShares Dow Jones Select Dividend index fund with a 5% weight, iShares iBoxx $ Investment Grade Corporate Bond fund with a 7% weight, iShares MSCI Japan index fund with a 7% weight, iShares MSCI Emerging Markets index fund with a 5% weight, Health Care Select Sector SPDR fund with a 4% weight, PowerShares QQQ Trust, series 1 with a 4% weight and iShares Barclays Treasury Inflation Protected Securities Bond fund with a 3.5% weight.

If the final basket level is greater than the initial level, the payout at maturity will be par plus the basket performance.

If the final level is less than or equal to the initial level but greater than or equal to the threshold level, 75.5% to 85.5% of the initial level, the payout will be par. The exact threshold level will be set at pricing.

If the final basket level falls below the threshold level, investors will be exposed to losses beyond the 14.5% to 24.5% buffer level.

The Cusip number is 06741TT56.

Barclays is the agent.

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