Barclays to price 11.25%-13.75% yield optimization notes due 2010 linked to Wells Fargo via UBS

By E. Janene Geiss

Philadelphia, Sept. 3 - Barclays Bank plc plans to price 11.25% to 13.75% yield optimization notes with contingent protection due March 19, 2010 linked to the common stock of Wells Fargo & Co., according to an FWP filing with the Securities and Exchange Commission.

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

Interest will be payable quarterly. The exact coupon will be set at pricing.

Each note will have a face amount that is equal to the closing price of Wells Fargo shares on the pricing date.

If the final share price of Wells Fargo stock is less than 60% of the initial share price, the payout at maturity will be one Wells Fargo share per note. Otherwise, the payout will be par.

The notes are expected to price on Sept. 15 and settle on Sept. 18.

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