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Published on 9/29/2010 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $690,000 buffered Super Track notes tied to Financial Select Sector SPDR fund

By Angela McDaniels

Tacoma, Wash., Sept. 29 - Barclays Bank plc priced $690,000 of 0% buffered Super Track notes due March 30, 2012 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any fund gain, subject to a maximum return of 20.25%. Investors will receive par if the fund declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Buffered Super Track notes
Underlying fund:Financial Select Sector SPDR fund
Amount:$690,000
Maturity:March 30, 2012
Coupon:0%
Price:Par
Payout at maturity:Par plus 150% of any fund gain, capped at 20.25%; par if fund declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial price:$14.44
Pricing date:Sept. 27
Settlement date:Sept. 30
Agent:Barclays Capital Inc.
Fees:2.1%
Cusip:06740PNP7

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