Barclays to price Buffered Super Track Notes linked to Financial Select Sector SPDR fund

By E. Janene Geiss

Philadelphia, June 2 - Barclays Bank plc plans to price 0% Buffered Super Track Notes due July 2, 2009 linked to the Financial Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

If the exchange-traded fund's final share price is greater than the initial price, the payout at maturity will be par plus double the gain on the fund, capped at a maximum return that will be between 20% and 25%.

If the fund price declines by 10% or less, the payout will be par. Investors will lose 1% for each 1% decline beyond 10%.

Barclays Capital will be the agent.

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