Barclays plans buffered Super Track digital notes due 2014 on S&P 500

By Marisa Wong

Madison, Wis., Feb. 3 - Barclays Bank plc plans to price 0% buffered Super Track digital notes due Feb. 28, 2014 linked to the S&P 500 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 a digital return of 12% to 17%. The exact percentage will be set at pricing.

Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.

Barclays Capital Inc. is the agent.

The notes (Cusip: 06738KM24) will price on Feb. 27 and settle on Feb. 29.

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