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Barclays plans buffered Super Track digital notes linked to S&P 500
By Susanna Moon
Chicago, Sept. 13 - Barclays Bank plc plans to price 0% buffered Super Track digital notes due Sept. 28, 2012 based on the performance of the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus a digital percentage of 12.8%.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
The notes (Cusip 06740PWG7) will price on Sept. 27 and settle on Sept. 30.
Barclays Capital Inc. is the agent.
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