Barclays plans to price double short leverage notes linked to 30Y Treasury Futures index via UBS

By Angela McDaniels

Tacoma, Wash., April 7 - Barclays Bank plc plans to price 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.

The notes will price at 103.6.

The notes will be called if the index increases by more than 35%.

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.

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

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