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Barclays to price buffered Super Track notes linked to Russell 2000
By Toni Weeks
San Diego, June 27 - Barclays Bank plc plans to price 0% buffered Super Track notes due Jan. 24, 2013 linked to the Russell 2000 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 double the index return, capped at a maximum return of 16% to 21.7% that will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
The notes (Cusip: 06738KMP3) are expected to price July 18 and settle July 21.
Barclays Capital Inc. is the agent.
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