Barclays to price 10.25%-13% yield optimization notes linked to Weatherford via UBS

By Angela McDaniels

Tacoma, Wash., March 2 - Barclays Bank plc plans to price yield optimization notes with contingent protection due Sept. 21, 2010 linked to the common stock of Weatherford International Ltd., according to an FWP filing with the Securities and Exchange Commission.

The six-month notes will carry an annualized coupon of 10.25% to 13%, with the exact coupon to be set at pricing. Interest will be payable monthly.

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

The notes are expected to price March 15 and settle March 19.

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

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