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Published on 8/24/2011 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $5.81 million buffered Super Track notes on S&P 500

By Jennifer Chiou

New York, Aug. 24 - Barclays Bank plc priced $5.81 million of 0% buffered Super Track notes due Sept. 6, 2012 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, up to a maximum return of 13.2%.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Buffered Super Track notes
Underlying index:S&P 500
Amount:$5,811,000
Maturity:Sept. 6, 2012
Coupon:0%
Price:Par
Payout at maturity:Par plus 200% of any index gain, capped at 13.2%; par if index falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
Initial level:1,162.35
Pricing date:Aug. 23
Settlement date:Aug. 29
Agent:Barclays Capital Inc.
Fees:1%
Cusip:06738KST9

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