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Published on 12/9/2010 in the Prospect News Structured Products Daily.

Barclays to price notes due 2018 linked to S&P 500 Dynamic Veqtor

By Angela McDaniels

Tacoma, Wash., Dec. 9 - Barclays Bank plc plans to price 0% notes due Dec. 19, 2018 linked to the S&P 500 Dynamic Veqtor Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus 100% to 105% of the index return. Otherwise, the payout will be par.

The exact participation rate will be set at pricing.

The notes (Cusip 06740PX43) will price Dec. 14 and settle Dec. 17.

Barclays Capital Inc. is the agent.


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