Barclays plans Super Track notes on iShares MSCI Emerging Markets

By Jennifer Chiou

New York, May 27 - Barclays Bank plc plans to price 0% Super Track notes due June 28, 2013 linked to the iShares MSCI Emerging Markets index 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 44% to 56%. The exact cap will be set at pricing.

If the fund finishes below the initial level, investors will receive par if the fund does not close below the knock-out level of 60% of the initial price during the life of the notes and will share in all losses if it does.

The notes will price on June 25 and settle on June 30.

Barclays Capital Inc. is the agent.

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