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Barclays to price SuperTrack Notes linked to SPDR Trust, Series 1
By Jennifer Chiou
New York, March 4 - Barclays Bank plc plans to price zero-coupon SuperTrack Notes due Sept. 29, 2011 linked to the SPDR Trust, Series 1, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any fund gain, up to a maximum return of 15.2% to 18.9%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
The notes will price on March 26 and settle on March 31.
Barclays Capital Inc. is the agent.
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