By Marisa Wong
Madison, Wis., May 25 - Barclays Bank plc priced an additional $1.94 million of 0% buffered return enhanced notes due Nov. 26, 2012 linked to a basket of equally weighted currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total deal size to $2.55 million. The issuer priced an initial $609,000 of the notes on May 20.
The underlying currencies are the Mexican peso, the Turkish lira and the Indonesian rupiah.
The payout at maturity will be par plus 1.95 times any gain in the basket.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for every 1% decline in the basket beyond 10%.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered return enhanced notes
|
| Underlying currencies: | Mexican peso, Turkish lira and Indonesian rupiah, equally weighted
|
| Amount: | $2.55 million (increased from $609,000)
|
| Maturity: | Nov. 26, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 195% of any basket gain; 1.1111% loss per 1% drop beyond 10%
|
| Initial exchange rates: | 11.66855 for peso; 1.58812 for lira; 8,532 for rupiah
|
| Pricing date: | May 20 for $609,000; May 24 for $1,941,000
|
| Settlement date: | May 25
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 06738KKM2
|
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