Barclays plans buffered notes on corn and soybeans contracts via UBS

By Toni Weeks

San Diego, April 5 - Barclays Bank plc plans to price buffered return optimization securities due May 4, 2012 linked to a basket of corn and soybeans futures contracts, according to an FWP filing with the Securities and Exchange Commission.

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

The payout at maturity will be par of $10 plus 1.5 times any gain in the basket, subject to a maximum gain of 17% to 21%. The exact cap will be set at pricing.

Investors will receive par if the basket falls by up to 10% and will be exposed to losses beyond 10%.

The notes (Cusip: 06741K742) will price April 15 and settle April 20.

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