Barclays plans to price Super Track notes linked to Brent crude oil

By Angela McDaniels

Tacoma, Wash., March 25 - Barclays Bank plc plans to price 0% Super Track notes due Oct. 3, 2011 linked to the price of Brent crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the final oil price is greater than the initial price, the payout at maturity will be par plus 150% of the increase, subject to a maximum return of 24% to 30%. The exact cap will be set at pricing.

If the final oil price is less than the initial price, investors will be exposed to the decline.

The notes (Cusip: 06738KFP1) will price March 28 and settle March 31.

Barclays Capital Inc. is the agent.

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