By Marisa Wong
Madison, Wis., Sept. 13 - Barclays Bank plc priced $79.54 million of 0% notes due Sept. 13, 2013 linked to the performance of three baskets of currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The first basket includes the Canadian dollar, the Mexican peso and the Brazilian real. The second basket includes the Polish zloty, the Norwegian krone and the Swedish krona. The third basket includes the Australian dollar, the Indian rupee and the Russian ruble. Each currency has a weight of one-third in its respective basket. A basket will have a positive return if it appreciates relative to the U.S. dollar.
The reference asset return will equal 50% of the best-performing basket's return, 35% of the second-best-performing basket's return and 15% of the worst-performing basket's return.
The payout at maturity will be par plus the reference asset return, which could be positive or negative, subject to a minimum payout of 93% of par.
Barclays Capital Inc. is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying currencies: | Canadian dollar, Mexican peso and Brazilian real (each with weight of one-third in basket 1); Polish zloty, Norwegian krone and Swedish krona (each with weight of one-third in basket 2); Australian dollar, Indian rupee and Russian ruble (each with weight of one-third in basket 3)
|
| Amount: | $79,536,000
|
| Maturity: | Sept. 13, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the reference asset return, which is 50% of best-performing basket's return, 35% of second-best-performing basket's return and 15% of worst-performing basket's return; floor of 93% of par
|
| Initial rates: | 0.99555 for Canadian dollar; 12.59925 for peso; 1.6774 for real; 3.1145 for zloty; 5.48085 for krone; 6.4745 for krona; 0.9553 for Australian dollar; 46.3843 for rupee; 29.7707 for ruble
|
| Pricing date: | Sept. 9
|
| Settlement date: | Sept. 14
|
| Agents: | Barclays Capital Inc. (agent); JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC (dealers)
|
| Fees: | 1.5%
|
| Cusip: | 06738KUP4
|
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