New Issue: Barclays sells $1.5 million 9.75% trigger yield optimization notes tied to Rowan

By Marisa Wong

Madison, Wis., April 29 - Barclays Bank plc priced $1.5 million of 9.75% annualized trigger yield optimization notes due Oct. 31, 2011 linked to the common stock of Rowan Cos., Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is equal to $40.88, the initial price of Rowan stock.

Interest will be payable monthly.

The payout at maturity will be par unless the final price of Rowan stock is less than 80% of the initial share price, in which case investors will receive one Rowan share per note.

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

Issuer:	Barclays Bank plc
Issue:	Trigger yield optimization notes
Underlying stock:	Rowan Cos., Inc. (NYSE: UAL)
Amount:	$1,504,343.12
Maturity:	Oct. 31, 2011
Coupon:	9.75%, payable monthly
Price:	Par of $40.88
Payout at maturity:	If final price of Rowan stock is less than 80% of initial price, one Rowan share per note; otherwise, par
Initial price:	$40.88
Trigger price:	$32.70, 80% of initial price
Pricing date:	April 27
Settlement date:	April 29
Agents:	Barclays Capital Inc. and UBS Financial Services Inc.
Fees:	1%
Cusip:	06741K627

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