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Barclays plans Super Track notes linked to Hang Seng China Enterprises
By Marisa Wong
Madison, Wis., Feb. 1 - Barclays Bank plc plans to price 0% Super Track notes due March 28, 2012 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 18% to 24%. The exact cap will be set at pricing.
Investors will be exposed to any decline in the index.
The notes (Cusip: 06738KAX9) will price on Feb. 23 and settle on Feb. 28.
Barclays Capital Inc. is the agent.
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