Barclays plans return enhanced notes on four currencies via JPMorgan

By Toni Weeks

San Diego, June 21 - Barclays Bank plc plans to price 0% return enhanced notes due Dec. 27, 2012 linked to an equally weighted basket of four currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

The underlying currencies are the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi.

The payout at maturity will be par plus 1.69 times any basket gain.

Investors will share in losses up to 5%, and if the basket falls by more than 5%, the payout will be the floor of 95% of par.

The notes (Cusip: 06738KME8) are expected to price June 24 and settle June 29.

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