Barclays plans 10.25%-12.25% yield optimization notes on Dow via UBS

By Marisa Wong

Madison, Wis., July 21 - Barclays Bank plc plans to price yield optimization notes with contingent protection due July 31, 2012 linked to the common stock of Dow Chemical Co., according to an FWP filing with the Securities and Exchange Commission.

The notes will carry a coupon of 10.25% to 12.25% per year, which will be set at pricing. Interest is payable monthly.

The payout at maturity will be par unless the final price of Dow Chemical stock is less than 70% of the initial share price, in which case the payout will be one share of Dow Chemical stock per note.

The notes (Cusip: 06740H237) will price on July 28 and settle on July 30.

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

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