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Published on 9/30/2009 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $500,000 Buffered Super Track Notes linked to gold

By E. Janene Geiss

Philadelphia, Sept. 30 - Barclays Bank plc priced $500,000 of 0% Buffered Super Track Notes due March 30, 2011 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any increase in the price of gold, up to a maximum return of 37%.

Investors will receive par if the gold price falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Buffered Super Track Notes
Underlying asset:Gold
Amount:$500,000
Maturity:March 30, 2011
Coupon:0%
Price:Par
Payout at maturity:Par plus any gain on the price of gold, capped at 37%; par if gold price declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial price:$991.50 per troy ounce
Pricing date:Sept. 25
Settlement date:Sept. 30
Agent:Barclays Capital Inc.
Fees:None

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