Published on 6/29/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.31 million notes linked to renminbi, ringgit, won
By Jennifer Chiou
New York, June 29 - Barclays Bank plc priced $1.31 million of 0% notes due June 30, 2014 linked to the performance of a basket of Asian currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Chinese renminbi, the Malaysian ringgit and the Korean won.
If the basket return is positive, the payout at maturity will be par plus the basket return. If the basket return is negative, investors will share in the first 10% of losses with 90% of the principal protected.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying currencies: | Chinese renminbi, Malaysian ringgit and Korean won, equally weighted
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Amount: | $1.31 million
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Maturity: | June 30, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain; exposure to first 10% of losses with 90% of the principal protected
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Initial exchange rates: | 6.475 for renminbi; 3.0574 for ringgit; 1,086.70 for won
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Pricing date: | June 27
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Settlement date: | June 30
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Agent: | Barclays Capital Inc.
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Fees: | 2.3%
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Cusip: | 06738KMD0
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