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Barclays plans buffered Super Track digital notes on Russell 2000
By Jennifer Chiou
New York, Sept. 13 - Barclays Bank plc plans to price 0% buffered Super Track digital notes due March 28, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus a digital return of 18% to 25%.
Investors will receive par if the index fall by up to 10% and will lose 1% for every 1% decline beyond 10%.
The notes (Cusip: 06738KUZ2) are expected to price on Sept. 27 and settle on Sept. 30.
Barclays Capital Inc. is the agent.
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