New Issue: Barclays prices $2.73 million market plus notes linked to Mexican peso

By Jennifer Chiou

New York, June 24 - Barclays Bank plc priced $2,725,000 of 0% market plus notes due July 2, 2014 linked to the performance of the Mexican peso relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the currency return is greater than or equal to negative 10%, the payout at maturity will be par plus the greater of the currency return and 8.4%. Otherwise, investors will be fully exposed to the decline from the initial spot rate.

The currency return will be positive if the peso strengthens relative to the dollar.

Barclays is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are dealers.

Issuer:	Barclays Bank plc
Issue:	Market plus notes
Underlying currency:	Mexican peso relative to dollar
Amount:	$2,725,000
Maturity:	July 2, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If currency return is greater than or equal to negative 10%, par plus greater of currency return and 8.4%; otherwise, full exposure to decline from initial spot rate
Initial spot rate:	13.3764 pesos per dollar
Pricing date:	June 21
Settlement date:	June 26
Underwriter:	Barclays
Dealers:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	06741TXU6

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