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Barclays plans six-month 9.5%-12% yield optimization notes linked to Baker Hughes via UBS
By Susanna Moon
Chicago, April 26 - Barclays Bank plc plans to price 9.5% to 12% annualized yield optimization notes with contingent protection due Oct. 29, 2010 based on the common stock of Baker Hughes Inc., according to an FWP filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
Interest will be payable monthly.
If the final price of Baker Hughes stock is less than 80% of the initial share price, the payout at maturity will be one Baker Hughes share per note. Otherwise, the payout will be par.
The notes are expected to price on April 28 and settle on April 30.
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