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Published on 9/29/2008 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $14.21 million return optimization notes linked to S&P 500 via UBS

By Susanna Moon

Chicago, Sept. 29 - Barclays Bank plc priced $14.21 million of 0% return optimization securities with partial protection due March 31, 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 double any gain in the index, up to a maximum gain of 22.08%.

Investors will receive par for losses up to 10% and will be exposed to any losses beyond 10%.

Issuer:Barclays Bank plc
Issue:Return optimization securities with partial protection
Underlying index:S&P 500
Amount:$14,209,880
Maturity:March 31, 2010
Coupon:0%
Price:Par
Payout at maturity:Par plus double any index gain, capped at 22.08%; exposure to losses beyond 10%
Initial level:1,209.18
Pricing date:Sept. 25
Settlement date:Sept. 30
Underwriters:UBS Financial Services Inc., Barclays Capital Inc.
Fees:1.75%

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