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Barclays plans to price buffered Super Track notes linked to gold
By Angela McDaniels
Tacoma, Wash., March 1 - Barclays Bank plc plans to price 0% buffered Super Track notes due Sept. 28, 2012 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any increase in the price of gold, subject to a maximum return of 19% to 29% that will be set at pricing. Investors will receive par if the price falls by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes (Cusip: 06738KDC2) will price March 25 and settle March 30.
Barclays Capital Inc. is the agent.
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