Barclays plans trigger phoenix autocallables on Research in Motion

By Jennifer Chiou

New York, July 6 - Barclays Bank plc plans to price trigger phoenix autocallable optimization securities due July 13, 2012 linked to the common stock of Research in Motion Ltd. shares, according to an FWP with the Securities and Exchange Commission.

If Research in Motion stock closes at or above the trigger price - 60% of the initial share price - on a quarterly observation date, the issuer will pay a contingent coupon of 12.4% to 16.4% per year. Otherwise, no coupon will be paid for that quarter.

If the share price is greater than or equal to the initial price on any of the observation dates, the notes will be called at par of $10 plus the contingent coupon.

If the notes are not called and the Research in Motion share price finishes at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the share price decline.

The securities (Cusip: 06741K114) will price on July 8 and settle on July 13.

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

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