New Issue: Barclays prices $3 million 0% notes linked to five currencies

By Laura Lutz

Des Moines, Nov. 20 - Barclays Bank plc priced a $3 million issue of zero-coupon principal-protected bear notes due May 19, 2010 linked to a basket of five currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the exchange rates against the dollar of the Brazilian real, the Russian ruble, the Indian rupee, the Chinese yuan and the euro.

At maturity, investors will receive par plus 260% of any positive return on the basket. Payout will be at least par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Principal-protected bear notes
Underlying basket:	Equal weights of Brazilian real, Russian ruble, Indian rupee, Chinese yuan and euro, all against dollar
Amount:	$3 million
Maturity:	May 19, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 260% of any positive return; floor of par
Pricing date:	Nov. 16
Settlement date:	Nov. 21
Agent:	Barclays Capital Inc.
Agent fees:	3%

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