Barclays plans buffered Super Track notes linked to commodity basket

By Marisa Wong

Madison, Wis., Oct. 20 - Barclays Bank plc plans to price 0% buffered Super Track notes due Nov. 15, 2012 linked to the performance of a basket of commodities, according to an FWP filing with the Securities and Exchange Commission.

The equally weighted basket includes gold, platinum and palladium.

If the basket return is positive, the payout at maturity will be par the basket gain, subject to a maximum return of 33% to 43% that will be set at pricing.

Investors will receive par if the basket declines by 15% or less and will lose 1% for every 1% decline beyond 15%.

The notes (Cusip: 06740P2W5) will price Nov. 9 and settle Nov. 15.

Barclays Capital Inc. is the agent.

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