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Barclays plans SuperTrack Notes tied to Energy Select Sector SPDR fund
By Angela McDaniels
Tacoma, Wash., March 4 - Barclays Bank plc plans to price 0% SuperTrack Notes due Sept. 29, 2011 linked to the Energy Select Sector SPDR 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 fund's share price, subject to a maximum return of 24.9%to 28.7% that will be set at pricing. Investors will be exposed to any share price decline.
The notes are expected to price March 26 and settle March 31.
Barclays Capital Inc. is the agent.
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