Barclays plans contingent return optimization securities on corn

By Jennifer Chiou

New York, Oct. 25 - Barclays Bank plc plans to price 0% contingent return optimization securities due Nov. 16, 2012 linked to corn futures contracts, according to an FWP with the Securities and Exchange Commission.

If the final price is greater than or equal to the trigger price - 85% of the initial price - the payout at maturity will be par of $10 plus the return, subject to a minimum return of 9% and a maximum return of 17% to 24%. The exact cap will be set at pricing.

Otherwise, investors will be fully exposed to the decline.

The notes (Cusip: 06741L674) are expected to price on Nov. 4 and settle on Nov. 9.

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

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