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Barclays to price Super Track notes linked to SPDR S&P 500 ETF trust
By Angela McDaniels
Tacoma, Wash., April 7 - Barclays Bank plc plans to price 0% Super Track notes due Oct. 31, 2011 linked to the SPDR S&P 500 ETF trust, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, subject to a maximum return of 14.25% to 16.75% that will be set at pricing. Investors will be exposed to any fund decline.
The notes are expected to price April 27 and settle April 30.
Barclays Capital Inc. is the agent.
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