Barclays plans Super Track notes tied to Financial Select Sector SPDR

By Susanna Moon

Chicago, May 6 - Barclays Bank plc plans to price 0% Super Track notes due June 30, 2011 based on the performance of the Financial Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, up to a maximum return of 20% to 24.25%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes will price on May 25 and settle on May 28.

Barclays Capital Inc. is the agent.

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