Barclays plans buffered Super Track notes linked to commodities

By Jennifer Chiou

New York, Feb. 23 - Barclays Bank plc plans to price 0% buffered Super Track notes due Aug. 29, 2012 linked to the performance of a basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes WTI crude with a 15% weight; gasoline RBOB, heating oil, copper, nickel and gold, each with a 10% weight; and corn, cotton, soybean and sugar, each with an 8.75% weight.

If the basket return is positive, the payout at maturity will be par plus double the basket gain, subject to a maximum return of 25% to 30% that will be set at pricing.

Investors will receive par if the basket declines by 10% or less and will lose 1% for every 1% decline beyond the buffer.

The notes (Cusip: 06738KCP4) will price on Feb. 24 and settle on Feb. 28.

Barclays Capital Inc. is the agent.

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