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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
Issue:Notes
Underlying currencies:Chinese renminbi, Malaysian ringgit and Korean won, equally weighted
Amount:$1.31 million
Maturity:June 30, 2014
Coupon:0%
Price:Par
Payout at maturity:Par plus any basket gain; exposure to first 10% of losses with 90% of the principal protected
Initial exchange rates:6.475 for renminbi; 3.0574 for ringgit; 1,086.70 for won
Pricing date:June 27
Settlement date:June 30
Agent:Barclays Capital Inc.
Fees:2.3%
Cusip:06738KMD0

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