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Published on 6/30/2010 in the Prospect News Structured Products Daily.

Barclays plans to price 0% six-year notes linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., June 30 - Barclays Bank plc plans to price 0% notes due July 28, 2016 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the index return, subject to a floor of par and a cap of 151% to 157% of par. The exact cap will be set at pricing.

The notes will price July 23 and settle July 28.

Barclays Capital Inc. is the agent.


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