Barclays plans Super Track notes with 90% barrier linked to S&P 500

By Susanna Moon

Chicago, May 1 - Barclays Bank plc plans to price 0% Super Track notes due Dec. 3, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of 17.5% to 21%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will be fully exposed to any losses if the index finishes below its 90% barrier level.

Barclays is the underwriter with J.P. Morgan Securities LLC as the placement agent.

The notes will price on May 28 and settle on May 31.

The Cusip number is 06741TUL9.

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