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Published on 12/5/2012 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $2.5 million buffered Super Track notes tied to silver

By Marisa Wong

Madison, Wis., Dec. 5 - Barclays Bank plc priced $2.5 million of 0% buffered Super Track notes due Dec. 7, 2017 linked to the performance of silver, according to a 424B2 filing with the Securities and Exchange Commission.

If the asset return is positive, the payout at maturity will be par plus two times the gain, subject to a maximum return of 80%.

Investors will receive par if the price of silver falls by up to 20% and will share in losses beyond the buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered Super Track notes
Underlying asset:Silver
Amount:$2.5 million
Maturity:Dec. 7, 2017
Coupon:0%
Price:Par
Payout at maturity:If silver return is positive, par plus 200% of gain, capped at 80%; par if silver price declines by up to 20%; exposure to losses beyond buffer
Initial price:$3,342.00
Pricing date:Dec. 3
Settlement date:Dec. 6
Agent:Barclays
Fees:1.75%
Cusip:06741TLA3

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