Barclays to price Knock-Out Buffered Super Track Notes linked to GE

By Susanna Moon

Chicago, May 15 - Barclays Bank plc plans to price 0% Knock-Out Buffered Super Track Notes due May 28, 2010 linked to the common stock of General Electric Co., according to an FWP filing with the Securities and Exchange Commission.

If General Electric stock closes above the knock-out barrier - 140% of the initial price - on any day during the life of the notes, the payout at maturity will be par plus the knock-out rebate of 9.5%.

If the share price remains at or below the knock-out barrier but above the initial price, investors will receive par plus any gain.

Investors will receive par if the stock falls by up to 20% and will be exposed to declines beyond 20%.

The notes will price on May 26 and settle on May 29.

Barclays Capital Inc. is the agent.

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