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Barclays plans 13-month buffered Super Track notes linked to SPDR S&P 500 ETF trust
By Angela McDaniels
Tacoma, Wash., July 28 - Barclays Bank plc plans to price 0% buffered Super Track notes due Sept. 29, 2011 linked to the SPDR S&P 500 ETF trust, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any trust gain, subject to a maximum return of 8.5% to 13.25% that will be set at pricing. Investors will receive par if the trust declines by 10% or less and will lose 1% for each 1% that it declines beyond 10%.
The notes (Cusip: 06740PJK3) will price Aug. 26 and settle Aug. 31.
Barclays Capital Inc. is the agent.
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