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Barclays plans buffered Super Track notes linked to S&P 500 index
By Marisa Wong
Madison, Wis., Sept. 16 - Barclays Bank plc plans to price 0% buffered Super Track notes due March 22, 2011 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 increase in the index, subject to a maximum return of 5.625%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% decline beyond 10%.
The notes (Cusip: 06740PVS2) will price Sept. 17 and settle Sept. 22.
Barclays Capital Inc. is the agent.
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