Barclays plans buffered return optimization notes tied to gold via UBS

By Susanna Moon

Chicago, Aug. 8 - Barclays Bank plc plans to price buffered return optimization securities due Aug. 15, 2013 linked to the price of gold, 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 price of gold up to a maximum payment of $11.80 to $12.30 per note. The exact cap will be set at pricing.

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

The notes will price on Aug. 12 and settle on Aug. 17.

The Cusip number is 06741L880.

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