Barclays to price return optimization securities tied to gold via UBS

By Angela McDaniels

Tacoma, Wash., June 9 - Barclays Bank plc plans to price 0% return optimization securities due July 29, 2011 linked to the price of gold, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any increase in the price of gold, subject to a maximum return of 20% to 26% that will be set at pricing. Investors will be exposed to any decline in the price of gold.

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

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

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