By Angela McDaniels
Tacoma, Wash., Nov. 2 - Barclays Bank plc priced $5 million of zero-coupon 100% principal-protected bear notes due Nov. 4, 2009 linked to the performance of the dollar versus a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes 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. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | 100% principal-protected bear notes
|
| Underlying currencies: | Brazilian real, Russian ruble, Indian rupee, Chinese yuan and euro
|
| Amount: | $5 million
|
| Maturity: | Nov. 4, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 240% of any appreciation in the basket currencies versus the dollar; par if the dollar strengthens versus the basket currencies
|
| Initial exchange rates: | 1.7385 reais per dollar; 24.5823 rubles per dollar; 39.26 rupees per dollar, 7.4682 yuan per dollar; 0.6912 of a euro per dollar
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 5
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 2.75%
|
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