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Published on 8/17/2010 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $5.52 million knock-in Super Track notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 17 - Barclays Bank plc priced $5.52 million of 0% knock-in Super Track notes due Aug. 9, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return of 45%. If the index return is between zero and negative 40%, the payout will be par. If the index return is less than negative 40%, the payout will be par plus the index return.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Knock-in Super Track notes
Underlying index:S&P 500
Amount:$5,516,000
Maturity:Aug. 16, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus double any index gain, up to maximum return of 45%; par if final index level is less than or equal to initial level and greater than or equal to knock-in barrier; if index finishes below knock-in barrier, full exposure to the decline
Initial index level:1,089.47
Knock-in barrier:653.68, 60% of initial level
Pricing date:Aug. 13
Settlement date:Aug. 18
Agent:Barclays Capital Inc.
Fees:0.1%
Cusip:06740PME3

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