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Barclays plans to sell buffered Super Track notes linked to S&P 500
By Susanna Moon
Chicago, May 20 - Barclays Bank plc plans to price 0% buffered Super Track notes due Nov. 25, 2011 based on the performance of the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any gain in the index, up to a maximum return of 24%.
Investors will receive par if the index falls by up to 10% and will be exposed to losses beyond 10%.
The notes will price on May 21 and settle on May 26.
Barclays Capital Inc. is the agent.
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