Barclays plans buffered Super Track notes linked to S&P MidCap 400

By Toni Weeks

San Diego, June 24 - Barclays Bank plc plans to price 0% buffered Super Track notes due July 17, 2013 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus double the index return, subject to a maximum return of 15% to 21%. The exact maximum return will be determined at pricing.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

The notes (Cusip: 06738KMJ7) are expected to price July 12 and settle July 15.

Barclays Capital Inc. is the agent.

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