Barclays plans 8.5% to 10.5% yield optimization notes on Ford via UBS

By Jennifer Chiou

New York, Jan. 6 - Barclays Bank plc plans to price 8.5% to 10.5% yield optimization notes with contingent protection due Jan. 23, 2012 linked to the common stock of Ford Motor Co., according to an FWP filing with the Securities and Exchange Commission.

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

Interest will be payable monthly.

Each note will have a face amount equal to the closing price of Ford stock at pricing.

The payout at maturity will be par unless the price of Ford stock finishes at less than 70% of the initial price, in which case investors will receive one Ford share per note.

The notes are expected to price on Jan. 15 and settle on Jan. 21.

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