Barclays plans to offer Super Track Notes linked to price of gold

By Susanna Moon

Chicago, Jan. 11 - Barclays Bank plc plans to price 0% Super Track Notes due March 2, 2011 based on the performance of gold, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any double any gain in the price of gold, up to a maximum return of 25% to 30%. The exact cap will be set at pricing.

Investors will be exposed to any decline in the price of gold.

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

Barclays Capital Inc. is the agent.

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