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Barclays plans Super Track notes linked to Hang Seng China Enterprises
By Angela McDaniels
Tacoma, Wash., Jan. 11 - Barclays Bank plc plans to price 0% Super Track notes due July 17, 2014 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 150% of the increase, subject to a maximum return of 30.25%.
If the final index level is less than or equal to the initial index level but greater than or equal to the barrier level, the payout will be par. The barrier level will be 80% of the initial index level.
If the final index level is less than the barrier level, investors will be fully exposed to the index's decline from its initial level.
Barclays is the agent.
The notes will price Jan. 14 and settle Jan. 17.
The Cusip number is 06741TMV6.
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