Barclays plans best-performing notes linked to iShares, SPDR baskets

By Jennifer Chiou

New York, July 2 - Barclays Bank plc plans to price medium-term notes due July 25, 2012 linked to the best performing among three baskets of the same components, according to an FWP filing with the Securities and Exchange Commission.

The first basket will have a 50% weight of the SPDR Trust, series 1, and 25% weights of the iShares MSCI EAFE index fund and the iShares MSCI Emerging Markets index fund.

The second basket will have a 50% weight of the iShares MSCI EAFE index and 25% weights of the SPDR Trust, series 1, and iShares MSCI Emerging Markets index fund.

The third basket will have a 50% weight of the iShares MSCI Emerging Markets index fund and 25% weights of the SPDR Trust, series 1, and iShares MSCI EAFE index fund.

The payout at maturity will be the return of the best-performing basket. Investors will share in any losses.

The notes will price on July 21 and settle on July 24.

Barclays Capital Inc. is the underwriter.

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