Barclays plans Super Track Notes linked to gold with 1.5 times upside

By E. Janene Geiss

Philadelphia, May 6 - Barclays Bank plc plans to price 0% Super Track Notes due June 3, 2010 linked to the price of gold, according to an FWP filing with the Securities and Exchange Commission.

If the final price of gold is greater than the initial price, the payout at maturity will be par plus 1.5 times the return, capped at a maximum payout of 45% to 63%. The exact cap will be set at pricing.

Investors are fully exposed to any decline in the price of gold.

The notes will price on May 29 and settle on June 3.

Barclays Capital Inc. is the agent.

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