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Published on 1/12/2011 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $7.4 million buffered Super Track digital notes linked to S&P 500

By Marisa Wong

Madison, Wis., Jan. 12 - Barclays Bank plc plans to price 0% buffered Super Track digital notes due April 13, 2012 based on the performance of the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus 12%. If the index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1.111% for each 1% index decline beyond 10%.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Buffered Super Track digital notes
Underlying index:S&P 500
Amount:$7.4 million
Maturity:April 13, 2012
Coupon:0%
Price:Par
Payout at maturity:Par plus 12% if final index level is greater than or equal to initial level; par if index falls by 10% or less; 1.111% loss for every 1% decline beyond 10%
Initial index level:1,271.50
Pricing date:Jan. 10
Settlement date:Jan. 13
Agent:Barclays Capital Inc.
Fees:1%
Cusip:06741JBQ1

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