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

By Jennifer Chiou

New York, March 4 - Barclays Bank plc plans to price 0% return optimization securities with partial protection due Sept. 30, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, subject to a maximum return that is expected to be 32% to 37% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.

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

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

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