Barclays to price 11.5%-14.5% yield optimization notes linked to Alcoa via UBS

By Angela McDaniels

Tacoma, Wash., Oct. 21 - Barclays Bank plc plans to price yield optimization notes with contingent protection due Jan. 29, 2010 linked to the common stock of Alcoa Inc., according to an FWP filing with the Securities and Exchange Commission.

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

The face amount of each note will be equal to the closing price of Alcoa stock on the pricing date.

The three-month notes will carry an annualized coupon of 11.5% to 14.5%, with the exact coupon to be set at pricing. Interest will be paid at maturity.

If the final share price is less than 75% of the initial share price, the payout at maturity will be one Alcoa share per note. Otherwise, the payout will be par.

The notes will price Oct. 28 and settle Oct. 30.

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