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Published on 12/18/2008 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.5 million Buffered Super Track Notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Dec. 18 - Barclays Bank plc priced $1.5 million of 0% Buffered Super Track Notes due Dec. 23, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return of 23%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Buffered Super Track Notes
Underlying index:S&P 500
Amount:$1.5 million
Maturity:Dec. 23, 2009
Coupon:0%
Price:Par
Payout at maturity:Par plus double any index gain, up to maximum return of 23%; par if index falls by 10% or less; 1% loss for every 1% decline beyond 10%
Initial index level:904.42
Pricing date:Dec. 17
Settlement date:Dec. 22
Agent:Barclays Capital Inc.
Fees:3%

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