Barclays plans two-year Super Track notes linked to Gold Miners fund

By Susanna Moon

Chicago, Aug. 4 - Barclays Bank plc plans to price 0% Super Track notes due Aug. 15, 2013 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event occurs if the fund falls by more than 40% during the life of the notes.

If the fund return is positive, the payout at maturity will be par plus double any fund gain, up to a maximum return of 30% to 36%. The exact cap will be set at pricing.

If the fund return is negative and a knock-in event has never occurred, the payout will be par. Otherwise, investors will be fully exposed to losses.

Barclays Capital Inc. is the agent.

The notes will price on Aug. 11 and settle on Aug. 16.

The Cusip number is 06738KQZ7.

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