Barclays plans buffered Super Track notes linked to indexes, funds

By Susanna Moon

Chicago, July 10 - Barclays Bank plc plans to price five-year 0% buffered Super Track notes due 2018 linked to a basket of indexes and funds, according to a 424B2 filing with the Securities and Exchange Commission.

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

The payout at maturity will be par plus any basket gain.

Investors will receive par if the basket falls by up to 14.5% to 24.5% buffer and will lose 1% for every 1% decline beyond the buffer, with the exact percentage to be set at pricing.

Barclays is the agent.

The Cusip is 06741TYY7.

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