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

By E. Janene Geiss

Philadelphia, Dec. 16 - Barclays Bank plc plans to price 0% barrier 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.

If the index return is positive and never greater than 47% to 53% above the initial level on any trading day, the payout at maturity will be par of $10 plus any increase on the index. The exact barrier will be set at pricing.

If the index increases beyond the barrier level, the payout will be par plus 4%.

Investors will receive par for losses up to 25% and will share in any losses beyond 25%.

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

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