New Issue: Barclays sells $7.24 million 8.5% yield optimization notes linked to Hess via UBS

By Susanna Moon

Chicago, Dec. 30 - Barclays Bank plc priced $7.24 million of 8.5% annualized yield optimization notes with contingent protection due June 30, 2010 based on the common stock of Hess Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Each note priced at par of $61.13, which was the closing price of Hess stock at pricing.

Interest is payable quarterly.

If the stock finishes at or above 75% of the initial price, the payout at maturity will be par.

Otherwise, investors will receive one Hess share per note.

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

Issuer:	Barclays Bank plc
Issue:	Yield optimization notes with contingent protection
Underlying stock:	Hess Corp. (NYSE: HES)
Amount:	$7,241,949
Maturity:	June 30, 2010
Coupon:	8.5%, payable quarterly
Price:	Par of $61.13
Payout at maturity:	If Hess shares finish below the trigger price, one Hess share per note; otherwise, par
Initial share price:	$61.13
Trigger price:	$45.85, or 75% of initial price
Pricing date:	Dec. 29
Settlement date:	Dec. 31
Underwriters:	UBS Financial Services Inc. and Barclays Capital Inc.
Fees:	1%

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