Barclays plans Buffered Super Track Notes tied to SPDR Trust

By Angela McDaniels

Tacoma, Wash., Jan. 7 - Barclays Bank plc plans to price 0% Buffered Super Track Notes due July 29, 2011 linked to the SPDR Trust, series 1, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the exchange-traded fund's share price, subject to a maximum return that is expected to be 8.1% to 11.8% and will be set at pricing. Investors will receive par if the share price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

The notes are expected to price Jan. 26 and settle Jan. 29.

Barclays Capital Inc. is the agent.

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