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Published on 10/29/2012 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1 million buffered Super Track notes linked to SPDR Gold Trust

By Jennifer Chiou

New York, Oct. 29 - Barclays Bank plc priced $1 million of 0% buffered Super Track notes due Dec. 2, 2013 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 1.5 times the fund return, subject to a maximum return of 14.25%.

Investors will receive par if the fund falls by up to 10% and will share fully in losses if the fund declines beyond the buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered Super Track notes
Underlying fund:SPDR Gold Trust
Amount:$1 million
Maturity:Dec. 2, 2013
Coupon:0%
Price:Par
Payout at maturity:If fund return is positive, par plus 150% of fund return, capped at 14.25%; par if fund declines by up to 10%; full exposure to losses if fund declines beyond buffer
Initial price:$149.42
Pricing date:Oct. 25
Settlement date:Oct. 30
Agent:Barclays
Fees:1%
Cusip:06741TJL2

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