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Barclays plans buffered Super Track digital notes linked to S&P 500
By Jennifer Chiou
New York, Nov. 28 - Barclays Bank plc plans to price 0% buffered Super Track digital notes due Dec. 31, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the 15.5% to 18% digital percentage.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
The notes (Cusip: 06738KZZ7) will price on Dec. 28 and settle on Dec. 30.
Barclays Capital Inc. is the agent.
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