Barclays plans buffered Super Track notes tied to S&P GSCI index

By Toni Weeks

San Luis Obispo, Calif., March 7 - Barclays Bank plc plans to price 0% buffered Super Track notes due March 23, 2017 linked to the S&P GSCI Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The index is based on a production-weighted basket of futures contracts on physical commodities traded on trading facilities in countries that are members of the Organizations for Economic Cooperation and Development.

If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum return of 18.5% to 22.5% that will be set at pricing.

Investors will receive par if the index stays flat or falls by up to 15% and will lose 1% for every 1% drop beyond the 15% buffer.

The notes (Cusip: 06741T7J0) are expected to price March 20 and settle March 25.

Barclays is the agent.

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