New Issue: Barclays prices $3 million 13.15% yield optimization notes on VMWare via UBS

By Jennifer Chiou

New York, June 10 - Barclays Bank plc priced $3 million of 13.15% yield optimization notes with contingent protection due July 12, 2011 linked to the common stock of VMWare, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each note has a face value of $63.28, which is equal to the closing price of VMWare stock on the pricing date.

Interest is payable monthly.

The payout at maturity will be par unless the final price of VMWare stock is less than 75% of the initial share price, in which case the payout will be one share of VMWare stock.

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

Issuer:	Barclays Bank plc
Issue:	Yield optimization notes with contingent protection
Underlying stock:	VMWare, Inc. (Symbol: VMW)
Amount:	$2,999,978.24
Maturity:	July 12, 2011
Coupon:	13.15%, payable monthly
Price:	Par of $63.28
Payout at maturity:	If final share price is less than trigger price, one VMWare share; otherwise, par
Initial share price:	$63.28
Trigger price:	$47.46, 75% of initial price
Pricing date:	July 2
Settlement date:	July 12
Underwriters:	UBS Financial Services Inc. and Barclays Capital Inc.
Fees:	2%
Cusip:	06740L337

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