Barclays to price return optimization securities linked to S&P 500 via UBS

By Jennifer Chiou

New York, Dec. 2 - Barclays Bank plc plans to price 0% return optimization securities due Jan. 4, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

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

Payout at maturity will be par plus five times any gain in the index. The maximum return will be 28% to 32%, with the exact cap to be set at pricing.

Investors will share in any losses.

The notes will price on Dec. 23 and settle on Dec. 31.

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