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Published on 7/13/2010 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $2 million buffered Super Track notes tied to S&P GSCI

By Angela McDaniels

Tacoma, Wash., July 13 - Barclays Bank plc priced $2 million of 0% buffered Super Track notes due July 12, 2012 linked to 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, subject to a maximum return of 48%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Buffered Super Track notes
Underlying index:S&P GSCI Excess Return
Amount:$2 million
Maturity:July 12, 2012
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain, up to maximum return of 48%; par if index declines by 15% or less; 1% loss for every 1% decline beyond 15%
Initial index level:395.0538
Pricing date:July 9
Settlement date:July 14
Agent:Barclays Capital Inc.
Fees:None
Cusip:06740PFE1

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