Barclays plans 5%-7% airbag yield optimization notes on Halliburton

By Susanna Moon

Chicago, March 6 - Barclays Bank plc plans to price 5% to 7% annualized airbag yield optimization notes due March 14, 2014 linked to Halliburton Co. shares, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Halliburton shares equal to $1,000 divided by the conversion price. The conversion price will be 85% of the initial share price.

UBS Financial Services Inc. and Barclays are the underwriters.

The notes are expected to price on March 8 and settle on March 13.

The Cusip number is 06742C673.

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