By Angela McDaniels
Tacoma, Wash., Feb. 24 - Barclays Bank plc priced $1.52 million of 0% performance securities due Feb. 28, 2013 linked to the performance of a basket of Asian currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Chinese renminbi, the Singapore dollar, the Korean won and the Philippine peso.
If the basket return is positive, the payout at maturity will be par plus 150% of the basket return. If the basket return is negative, the payout will be par plus the basket return.
UBS Financial Services Inc. and Barclays Capital Inc. are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Performance securities
|
| Underlying currencies: | Chinese renminbi, Singapore dollar, Korean won and Philippine peso, equally weighted
|
| Amount: | $1.52 million
|
| Maturity: | Feb. 28, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 150% of any basket gain; exposure to any basket decline
|
| Initial exchange rates: | 6.5828 for renminbi; 1.2786 for Singapore dollar; 1,125.8 for won; 43.627 for peso
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Agents: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 2%
|
| Cusip: | 06740P510
|
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