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Published on 10/13/2011 in the Prospect News Structured Products Daily.

Barclays plans three-year buffered Super Track notes linked to S&P 500

By Susanna Moon

Chicago, Oct. 13 - Barclays Bank plc plans to price 0% buffered Super Track notes due November 2014 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 1.2 to 1.3 times any index gain, with the exact upside leverage to be set at pricing.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

The notes will price and settle in October.

Barclays Capital Inc. is the agent.


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