Barclays plans Buffered Super Track Notes linked to S&P 500

By Jennifer Chiou

New York, Dec. 29 - Barclays Bank plc plans to price 0% Buffered Super Track Notes due Oct. 15, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

Payout at maturity will be par plus 150% of any index gain, up to a maximum return of 28.5% to 37.5%, with the exact cap to be set at pricing.

Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

The notes will price on Jan. 15 and settle on Jan. 21.

Barclays Capital Inc. is the agent.

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