Barclays plans to price 14-month Super Track notes linked to Apple

By Toni Weeks

San Diego, April 16 - Barclays Bank plc plans to price 0% Super Track notes due June 28, 2013 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If Apple shares finish at or above the initial level, the payout at maturity will be par plus three times the stock return, subject to a maximum return of 24% to 28% that will be set at pricing.

Investors will receive par if Apple shares fall by up to 20% and will be fully exposed to losses from the initial share price if the stock falls more than 20%.

The notes (Cusip: 06738K3S8) are expected to price April 25 and settle April 30.

Barclays Capital Inc. is the agent.

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