Barclays to price principal protection notes linked to index basket

By Angela McDaniels

Seattle, Sept. 27 - Barclays Bank plc plans to price zero-coupon 100% principal protection notes linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The maturity date will fall between Nov. 27, 2012 and May 28, 2013. The exact date will be determined at pricing.

The basket will include the S&P 500 index with a 33.34% weight, the Dow Jones Euro Stoxx 50 index with a 33.33% weight and the Nikkei 225 index with a 33.33% weight.

The payout at maturity will be par of $10 plus any basket gain. Investors will receive at least par.

The notes are expected to price on Oct. 26 and settle on Oct. 31.

UBS Financial Services Inc. and Barclays Capital Inc. will be the underwriters.

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