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Published on 6/29/2010 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $2.72 million knock-in Super Track notes linked to S&P 500

By Susanna Moon

Chicago, June 29 - Barclays Bank plc priced $2.72 million of 0% knock-in Super Track notes due June 28, 2013 based on the S&P 500 index, according to a 424B2 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 39.15%.

Investors will receive par if the index falls by up to 50% and will receive par plus the index return if it declines beyond 50%.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Knock-in Super Track notes
Underlying index:S&P 500
Amount:$2.72 million
Maturity:June 28, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus 150% of any index gain, capped at 39.15%; exposure to index decline if it drops beyond 50%
Initial level:1,076.76
Knock-in barrier:538.38, or 50% of the initial level
Pricing date:June 25
Settlement date:June 30
Agent:Barclays Capital Inc.
Fees:2.5%
Cusip:06740PAQ9

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