Barclays plans 9%-11.5% trigger yield notes linked to Walter Energy

By Toni Weeks

San Diego, April 26 - Barclays Bank plc plans to price 9% to 11.5% annualized trigger yield optimization notes due Oct. 31, 2011 linked to the common stock of Walter Energy, Inc., according to an FWP with the Securities and Exchange Commission.

Interest will be payable monthly. The exact coupon will be set at pricing.

The face amount of each note will be equal to the initial share price of Walter Energy stock.

The payout at maturity will be par unless the final price of Walter Energy stock is less than 70% of the initial share price, in which case investors will receive one Walter Energy share per note.

The notes (Cusip: 06741K643) are expected to price on April 27 and settle April 29.

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

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