Barclays plans buffered Super Track notes on Technology Select SPDR

By Jennifer Chiou

New York, July 23 - Barclays Bank plc plans to price 0% buffered Super Track notes due Feb. 14, 2012 linked to the Technology Select Sector SPDR fund, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus any increase in the exchange-traded fund's share price, subject to a maximum return of 16% to 28%. The exact cap will be set at pricing. Investors will receive par if the share price declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

The notes (Cusip 06740PHF6) will price on Aug. 9 and settle on Aug. 12.

Barclays Capital Inc. is the agent.

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