New Issue: Barclays prices $10.71 million 10.46% yield optimization notes on BHP Billiton via UBS

By Jennifer Chiou

New York, Nov. 30 - Barclays Bank plc priced $10.71 million of 10.46% yield optimization notes with contingent protection due Nov. 30, 2011 linked to the American Depositary Shares of BHP Billiton Ltd., according to a 424B2 with the Securities and Exchange Commission.

Interest will be payable monthly.

If the final price of BHP Billiton ADSs is less than 80% of the initial ADS price, the payout at maturity will be one BHP Billiton ADS per note. Otherwise, the payout will be par.

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

Issuer:	Barclays Bank plc
Issue:	Yield optimization notes with contingent protection
Underlying ADS:	BHP Billiton Ltd. (Symbol: BHP)
Amount:	$10,710,515.80
Maturity:	Nov. 30, 2011
Coupon:	10.46%, payable monthly
Price:	Par of $85.10
Payout at maturity:	If final ADS price is less than trigger price, one BHP Billiton ADS; otherwise, par
Initial share price:	$85.10
Trigger price:	$68.08, 80% of initial price
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Underwriters:	UBS Financial Services Inc. and Barclays Capital Inc.
Fees:	2%
Cusip:	06740P742

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