Barclays plans autocallable notes linked to General Electric via UBS

By Susanna Moon

Chicago, April 12 - Barclays Bank plc plans to price 0% autocallable optimization securities with contingent protection due April 22, 2011 based on the performance of General Electric Co. shares, according to an FWP filing with the Securities and Exchange Commission.

UBS Financial Services Inc. and Barclays Capital Inc. are the agents.

The notes will be called at par plus an annualized call premium of 12% to 16% if the stock closes at or above its initial level on any of 12 monthly observation dates.

The payout at maturity will be par unless the stock finishes below 80% of the initial level, in which case investors will be exposed to the loss.

The notes will price on April 15 and settle on April 21.

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