Barclays plans Knock-Out Buffered Super Track Notes linked to three equity indexes

By Jennifer Chiou

New York, Jan. 30 - Barclays Bank plc plans to price 0% Knock-Out Buffered Super Track Notes due March 2, 2010 linked to an index basket, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of equal weights of the S&P 500, Nikkei 225 and Dow Jones Euro Stoxx 50 indexes.

If the basket ever closes above the knock-out barrier, 130% of the initial level, investors will receive par plus 5%.

If the basket always stays at or below the knock-out barrier, investors will receive par plus any basket gain. Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

The notes will price on Feb. 14 and settle on Feb. 27.

Barclays Capital Inc. is the agent.

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