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Published on 6/2/2010 in the Prospect News Structured Products Daily.

Barclays to price performance securities linked to Dow Jones - UBS Commodity index via UBS

By Angela McDaniels

Tacoma, Wash., June 2 - Barclays Bank plc plans to price 0% performance securities with contingent protection due June 30, 2015 linked to the Dow Jones - UBS Commodity index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 115% to 125% of any index gain, with the exact participation rate to be set at pricing.

If the index return is zero to negative 40%, the payout will be par.

If the index return is less than negative 40%, the payout will be par plus the index return.

The notes are expected to price June 25 and settle June 30.

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


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