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Barclays to price buffered Super Track notes linked to SPDR S&P 500
By Angela McDaniels
Tacoma, Wash., Sept. 3 - Barclays Bank plc plans to price 0% buffered Super Track notes due March 30, 2012 linked to the SPDR S&P 500 exchange-traded fund trust, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the fund, up to a maximum return of 10.5% to 15.25% that will be set at pricing. Investors will receive par if the shares fall by 10% or less and will lose 1% for every 1% decline beyond 10%.
The notes (Cusip 06740PNQ5) will price on Sept. 27 and settle on Sept. 30.
Barclays Capital Inc. is the agent.
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