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Barclays plans buffered Super Track notes on Financial Select SPDR
By Susanna Moon
Chicago, Sept. 3 - Barclays Bank plc plans to price 0% buffered Super Track notes due March 30, 2012 linked to the Financial Select Sector SPDR fund, 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 fund, up to a maximum return of 21.5% to 27%.
Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.
The notes (Cusip 06740PNT9) will price on Sept. 27 and settle on Sept. 30.
Barclays Capital Inc. is the agent.
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