Barclays plans 8.5%-11.5% yield optimization notes on Goldman via UBS

By Susanna Moon

Chicago, Dec. 15 - Barclays Bank plc plans to price 8.5% to 11.5% annualized yield optimization notes with contingent protection due June 30, 2010 linked to the common stock of Goldman Sachs Group, Inc., according to an FWP filing with the Securities and Exchange Commission.

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

Interest will be payable quarterly.

Each note will have a face amount equal to the closing price of Goldman stock at pricing.

The payout at maturity will be par unless the price of Goldman stock finishes at less than 80% of the initial price, in which case investors will receive one Goldman share per note.

The notes are expected to price on Dec. 29 and settle on Dec. 31.

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