New Issue: Barclays sells $3.36 million return optimization securities tied to gold via UBS

By Susanna Moon

Chicago, Dec. 28 - Barclays Bank plc priced $3.36 million of 0% return optimization securities with partial protection due Dec. 28, 2012 based on the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.5 times any gain in the price of gold, up to a maximum return of 22.8%.

Investors will receive par if the price of gold falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

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

Issuer:	Barclays Bank plc
Issue:	Return optimization securities with partial protection
Underlying commodity:	Gold
Amount:	$3,358,500
Maturity:	Dec. 28, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 150% any gold price gain, capped at 22.8%; exposure to losses beyond 10%
Initial level:	$1,373.50
Pricing date:	Dec. 23
Settlement date:	Dec. 29
Underwriters:	UBS Financial Services Inc. and Barclays Capital Inc.
Fees:	2%
Cusip:	06740P718

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