Barclays to price principal-protected bear notes linked to currency basket

By Angela McDaniels

Seattle, Oct. 25 - Barclays Bank plc plans to price zero-coupon 100% principal-protected bear notes due 2009 linked to the performance of the dollar versus a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket will include equal weights of the Brazilian real, Russian ruble, Indian rupee, Chinese yuan and euro.

The payout at maturity will be par plus 240% of any appreciation in the basket currencies versus the dollar. If the dollar strengthens versus the basket currencies, the payout will be par.

Barclays Capital Inc. will be the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.