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Published on 12/29/2010 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $4.17 million return optimization securities linked to S&P 500 via UBS

By Jennifer Chiou

New York, Dec. 28 - Barclays Bank plc priced $4.17 million of 0% return optimization securities with partial protection due Dec. 31, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

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

The payout at maturity will be par of $10 plus two times any gain in the index, up to a maximum return of 20.1%.

Investors will receive par if the index falls by up to 10% and will share in losses beyond 10%.

Issuer:Barclays Bank plc
Issue:Return optimization securities with partial protection
Underlying index:S&P 500
Amount:$4,167,980
Maturity:Dec. 31, 2012
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 200% of any index gain, capped at 20.1%; exposure to losses beyond 10%
Initial level:1,258.84
Pricing date:Dec. 22
Settlement date:Dec. 28
Underwriters:UBS Financial Services Inc. and Barclays Capital Inc.
Fees:2%
Cusip:06740P684

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