Barclays to price 10.6%-13.1% yield optimization notes linked to Las Vegas Sands via UBS

By Jennifer Chiou

New York, April 5 - Barclays Bank plc plans to price 10.6% to 13.1% yield optimization notes with contingent protection due April 20, 2012 linked to the common stock of Las Vegas Sands Corp., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

If the final price of Las Vegas Sands stock is less than 65% of the initial share price, the payout at maturity will be one Las Vegas Sands share per note. Otherwise, the payout will be par.

The notes are expected to price on April 16 and settle on April 21.

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

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