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Published on 12/29/2010 in the Prospect News Structured Products Daily.

Barclays plans four-year buffered Super Track notes linked to S&P GSCI

By Susanna Moon

Chicago, Dec. 27 - Barclays Bank plc plans to price 0% buffered Super Track notes due Jan. 17, 2014 based on the S&P GSCI Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum return of 72% to 82%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

The notes (Cusip 06740PYU4) will price on Jan. 14 and settle on Jan. 20.

Barclays Capital Inc. is the agent.


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