Barclays plans 7.25%-9.75% yield optimization notes on Dell via UBS

By Susanna Moon

Chicago, April 26 - Barclays Bank plc plans to price 7.25% to 9.75% annualized yield optimization notes with contingent protection due Oct. 29, 2010 based on the common stock of Dell Inc., according to an FWP filing with the Securities and Exchange Commission.

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

Interest will be payable monthly.

If the final price of Dell stock is less than 80% of the initial share price, the payout at maturity will be one Dell share per note. Otherwise, the payout will be par.

The notes are expected to price on April 28 and settle on April 30.

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