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Published on 4/20/2011 in the Prospect News Structured Products Daily.

Barclays changes dates of trigger performance notes tied to Dow Jones - UBS Gold subindex

By Angela McDaniels

Tacoma, Wash., April 20 - Barclays Bank plc pushed back the pricing and maturity dates of its 0% trigger performance securities linked to the Dow Jones - UBS Gold subindex, according to an FWP filing with the Securities and Exchange Commission.

The maturity date was changed to May 10, 2016 from May 6, 2016.

The notes will price May 5 and settle May 10. They were previously expected to price April 26 and settle May 3.

If the index return is positive, the payout at maturity will be par of $10 plus the index return.

If the index return is zero or negative and the final index level is greater than or equal to the trigger level, the payout will be par. The trigger level is expected to be 50% to 55% of the initial index level and will be set at pricing.

If the final index level is less than the trigger level, the payout will be par plus the index return.

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

The Cusip number is 06741K734.


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