Barclays plans buffered Super Track notes linked to currency basket

By Marisa Wong

Madison, Wis., Aug. 25 - Barclays Bank plc plans to price 0% buffered Super Track notes due Aug. 30, 2012 linked to the performance of a basket of currencies relative to the euro, according to an FWP filing with the Securities and Exchange Commission.

The equally weighted basket includes the Australian dollar, Brazilian real, Canadian dollar and Norwegian krone.

If the basket return is positive, the payout at maturity will be par plus 200% to 210% of the basket gain. The exact participation rate will be set at pricing.

Investors will receive par if the basket declines by 20% or less and will lose 1% for every 1% decline beyond 20%.

The notes (Cusip: 06740PND4) will price Aug. 26 and settle Aug. 31.

Barclays Capital Inc. is the agent.

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