Barclays to price one-year double short leverage notes linked to 30Y Treasury Futures index via UBS

By Angela McDaniels

Tacoma, Wash., Jan. 12 - Barclays Bank plc plans to price three offerings of one-year 0% double short leverage securities linked to the Barclays Capital 30Y Treasury Futures index, according to an FWP filing with the Securities and Exchange Commission.

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

The notes will price at 102.6.

The notes will be called if the index increases by more than 35%. They are putable subject to a minimum of 1,000 notes.

The payout at maturity or upon redemption will be par minus 200% of the index return plus the additional amount. The notes are not principal protected.

The additional amount will be the interest accrued on the principal amount at a rate per year equal to overnight Libor, compounded daily.

An issue of notes due Jan. 31, 2011 will price Jan. 26 and settle Jan. 29.

An issue of notes due Feb. 28, 2011 will price Feb. 23 and settle Feb. 26.

An issue of notes due April 1, 2011 will price March 26 and settle March 31.

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