Barclays plans to price return optimization securities linked to gold

By Angela McDaniels

Tacoma, Wash., July 12 - Barclays Bank plc plans to price 0% return optimization securities with partial protection due Jan. 31, 2012 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 1.5 times any increase in the price of gold, subject to a maximum return of 20% to 25% that will be set at pricing. Investors will receive par if the gold price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

The notes will price July 27 and settle July 30.

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

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