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

By Angela McDaniels

Tacoma, Wash., Dec. 8 - Barclays Bank plc plans to price 0% Buffered Super Track Notes due June 30, 2011 linked to the Financial Select Sector SDPR fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any increase in the exchange-traded fund's share price, subject to a maximum return of 11.2% to 14.6% that will be set at pricing. Investors will receive par if the share price declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

The notes are expected to price Dec. 28 and settle Dec. 31.

Barclays Capital Inc. is the agent.

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