Barclays plans autocallable optimization notes on Weatherford via UBS

By Susanna Moon

Chicago, Jan. 20 - Barclays Bank plc plans to price 0% trigger autocallable optimization securities due Jan. 27, 2012 based on Weatherford International Ltd. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will be automatically called at par of $10 plus an annualized call return of 17% to 21% if Weatherford shares close at or above the initial share price on any of 12 monthly observation dates. The exact call return will be set at pricing.

If the notes are not called and the final share price is greater than or equal to 70% of the initial share price, the payout at maturity will be par. Otherwise, the payout will be par plus the stock return.

The notes (Cusip 06741J406) are expected to price on Jan. 21 and settle on Jan. 26.

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

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