Barclays plans buffered Super Track digital notes linked to fund

By Toni Weeks

San Diego, May 7 - Barclays Bank plc plans to price 0% buffered Super Track digital notes due May 30, 2014 linked to the SPDR S&P Metals & Mining exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund gains, the payout at maturity will be par plus a digital percentage of 18% to 20%. The exact digital percentage will be determined at pricing.

Investors will receive par if the fund fall by up to 20% and will lose 1% for every 1% decline beyond the 20% buffer.

The notes (Cusip: 06738K4R9) are expected to price May 29 and settle May 31.

Barclays Capital Inc. is the agent.

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