Barclays plans to price Knock-In Super Track notes linked to S&P 500

By Marisa Wong

Milwaukee, May 17 - Barclays Bank plc plans to price 0% Knock-In Super Track notes due June 10, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus 130% to 160% of the index return. The exact participation rate will be set at pricing.

If the index return is equal to or less than zero but the index finishes at or above the knock-in barrier - 70% of the initial level - investors will receive par.

If the index closes below the knock-in barrier, investors will share in any losses.

The notes will price on June 4 and settle on June 9.

Barclays Capital Inc. is the agent.

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