New Issue: Barclays prices $2.85 million digital plus notes linked to four Asian currencies

By Angela McDaniels

Tacoma, Wash., Dec. 20 - Barclays Bank plc priced $2.85 million of 0% digital plus notes due Dec. 29, 2011 linked to the performance of a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Singapore dollar, the Indian rupee, the Indonesian rupiah and the South Korean won. The basket return will be positive if the basket appreciates relative to the U.S. dollar.

If the basket return is 3% or more, the payout at maturity will be 95% of par plus the greater of the basket return and 13.85%.

If the basket return is less than 3%, the payout will be 95% of par.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

Issuer:	Barclays Bank plc
Issue:	Digital plus notes
Underlying currencies:	Singapore dollar, Indian rupee, Indonesian rupiah and South Korean won, equally weighted and each relative to the U.S. dollar
Amount:	$2,849,000
Maturity:	Dec. 29, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	95% of par plus greater of basket return and 13.85% if basket return is 3% or more; otherwise, 95% of par
Initial exchange rates:	1.3131 for Singapore dollar; 45.3800 for rupee; 9,034 for rupiah; 1,150.80 for won
Pricing date:	Dec. 17
Settlement date:	Dec. 22
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	06740PYB6

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