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

By Susanna Moon

Chicago, April 25 - Barclays Bank plc plans to price 0% return optimization securities with contingent return due June 4, 2009 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 triple any gain in the index, capped at 18% to 20%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes are expected to price May 27 and settle May 30.

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