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

By Jennifer Chiou

New York, March 26 - Barclays Bank plc plans to price three offerings of three-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 103.6.

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 and minus the investor fee. The notes are not principal protected.

The investor fee will be zero if the final valuation date occurs within the first year of the life of the notes, 0.85% if it occurs in the second year and 1.7% if it occurs in the third year.

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 April 30, 2013 will price on April 27 and settle on April 30.

An issue of notes due May 31, 2013 will price on May 25 and settle on May 28.

An issue of notes due June 28, 2013 will price on June 25 and settle on June 30.

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