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Barclays to price buffered Super Track Notes linked to S&P 500 index
By Jennifer Chiou
New York, March 24 - Barclays Bank plc plans to price 0% buffered Super Track Notes due Sept. 29, 2011 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any increase in the index, capped at 13.5%. Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that it declines beyond 20%.
The notes will price on March 25 and settle on March 30.
Barclays Capital Inc. is the agent.
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