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Published on 6/29/2010 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $250,000 buffered Super Track notes linked to SPDR S&P 500 ETF trust

By E. Janene Geiss

Philadelphia, June 29 - Barclays Bank plc priced $250,000 of 0% buffered Super Track notes due Dec. 30, 2011 linked to the SPDR S&P 500 ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, capped at 16.25%. Investors will receive par if the fund 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 fund:SPDR S&P 500 ETF trust
Amount:$250,000
Maturity:Dec. 30, 2011
Coupon:0%
Price:Par
Payout at maturity:Par plus double any fund gain, capped at 16.25%; par if fund declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial price:$107.95
Pricing date:June 25
Settlement date:June 30
Agent:Barclays Capital Inc.
Fees:0.6%
Cusip:06740LXT7

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