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Published on 4/16/2014 in the Prospect News Structured Products Daily.

Barclays to price buffered Super Track notes linked to S&P 500

By Marisa Wong

Madison, Wis., April 16 - Barclays Bank plc plans to price 0% buffered Super Track notes due April 20, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus 1.07 times the index return.

If the index return is less than or equal to zero but greater than or equal to negative 15%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the index declines beyond the 15% buffer percentage.

Barclays is the agent.

The notes will price April 17 and settle April 23.

The Cusip number is 06741UCQ5.


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