Barclays plans two-year notes linked to five currencies vs. dollar

By Jennifer Chiou

New York, Sept. 12 - Barclays Bank plc plans to price 0% notes due Sept. 30, 2013 linked to the performance of a basket of currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes the Chinese renminbi, the Singapore dollar, the South Korean won, the Taiwan dollar and the Indonesian rupiah.

If the basket return is greater than zero, the payout at maturity will be par plus 125% to 175% of the basket return. The exact upside leverage factor will be set at pricing.

Investors will receive par for losses up to 10% and will share fully in losses if the basket declines beyond the buffer.

The notes (Cusip: 06738KUW9) are expected to price on Sept. 27 and settle on Sept. 30.

Barclays Capital Inc. is the underwriter.

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