New Issue: Barclays prices $2.03 million 10% airbag yield optimization notes tied to SanDisk

By Susanna Moon

Chicago, Nov. 20 - Barclays Bank plc priced $2.03 million of 10% annualized airbag yield optimization notes due May 22, 2013 linked to SanDisk Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless the stock finishes below the 85% conversion level, in which case the payout will be a number of SanDisk shares equal to $1,000 divided by the conversion price.

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

Issuer:	Barclays Bank plc
Issue:	Airbag yield optimization notes
Underlying stock:	SanDisk Corp. (Nasdaq: SNDK)
Amount:	$2,027,000
Maturity:	May 22, 2013
Coupon:	10%, payable monthly
Price:	Par
Payout at maturity:	If final share price is less than conversion price, number of SanDisk shares equal to $1,000 divided by conversion price; otherwise, par
Initial share price:	$39.46
Conversion price:	$33.54, 85% of initial share price
Pricing date:	Nov. 16
Settlement date:	Nov. 21
Underwriters:	UBS Financial Services Inc. and Barclays Capital Inc.
Fees:	1%
Cusip:	06742A461

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