New Issue: Barclays sells $2 million buffered return notes on currency basket via JPMorgan

By Susanna Moon

Chicago, Jan. 7 - Barclays Bank plc priced $2 million of 0% buffered return enhanced notes due Jan. 10, 2013 based on a basket of four equally weighted Asian currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Singapore dollar, Indian rupee, Indonesian rupiah and South Korean won.

The payout at maturity will be par plus 2.05 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 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 basket:	Singapore dollar, Indian rupee, Indonesian rupiah and South Korean won, equally weighted versus U.S. dollar
Amount:	$2 million
Maturity:	Jan. 10, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 205% of any basket gain; 1.1111% loss for every 1% decline beyond 10%
Initial exchange rates:	1.2941 for Singapore dollar, 45.3100 for rupee, 8,994 for rupiah and 1,123.10 for South Korean won
Pricing date:	Jan. 7
Settlement date:	Jan. 10
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	06740PW51

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