By Jennifer Chiou
New York, Nov. 21 - Barclays Bank plc priced $10 million of 99% principal-protected digital plus notes due Dec. 2, 2008 linked to an Asian currency basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Singapore dollar, Philippine peso, Indonesian rupiah and Malaysian ringgit.
If the basket currencies appreciate relative to the dollar by 2% or more, the payout at maturity for each $1,000 principal amount of notes will be $990 plus 10% of the principal amount of the notes.
If the basket currencies do not appreciate relative to the dollar by 2% or more, the payout will be 99% of par.
Barclays Capital Inc. will be the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | 100% principal-protected digital plus notes
|
| Underlying basket: | Equal weights of Singapore dollar, Philippine peso, Indonesian rupiah and Malaysian ringgit
|
| Amount: | $10 million
|
| Maturity: | Dec. 2, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket currencies appreciate relative to the dollar by 2% or more, for each $1,000 principal amount of notes, $990 plus 10% of the principal amount of the notes; if the basket currencies do not appreciate relative to the dollar by 2% or more, the payout will be 99% of par
|
| Pricing date: | Nov. 20
|
| Settlement date: | Nov. 26
|
| Agent: | Barclays Capital
|
| Fees: | 0.9%
|
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