Barclays plans to price buffered Super Track notes linked to Financial Select Sector SPDR fund

By Angela McDaniels

Tacoma, Wash., Sept. 3 - Barclays Bank plc plans to price 0% buffered Super Track notes due March 30, 2012 linked to 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 1.5 times any gain in the fund, up to a maximum return of 17.5% to 23% that will be set at pricing. Investors will receive par if the shares fall by 10% or less and will lose 1% for every 1% decline beyond 10%.

The notes (Cusip 06740PNP7) will price on Sept. 27 and settle on Sept. 30.

Barclays Capital Inc. is the agent.

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