Barclays to price bullish notes due 2013 linked to dollar versus euro

By Angela McDaniels

Tacoma, Wash., June 1 - Barclays Bank plc plans to price 0% notes due June 19, 2013 linked to the performance of the dollar relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.

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

If the currency return is greater than zero, the payout at maturity will be par plus two times the currency return, subject to a maximum return of 12% to 16% that will be set at pricing. Investors will be exposed to the decline if the currency return is negative.

The notes (Cusip: 06738K6R7) are expected to price June 8 and settle June 13.

Barclays Capital Inc. is the agent.

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