Barclays plans 90% protected return enhanced notes tied to currencies

By Susanna Moon

Chicago, Feb. 13 - Barclays Bank plc plans to price 0% return enhanced notes due Feb. 27, 2014 linked to a basket of four equally weighted currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The underlying currencies are Polish zloty, Mexican peso, Indonesian rupiah and Korean won.

The payout at maturity will be par plus 1.53 times any gain in the basket.

Investors will be exposed to losses of up to 10%, with a minimum payout of 90% of par.

Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as dealers.

The notes are expected to price on Feb. 15 and settle on Feb. 21.

The Cusip number is 06741TPD3.

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