Barclays to price principal-protected notes linked to six Asian currencies

By Susanna Moon

Chicago, Dec. 4 - Barclays Bank plc plans to price zero-coupon 100% principal-protected notes due Dec. 4, 2009 linked to a basket of Asian currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket contains equal weights of the Chinese yuan, the Indian rupee, the Indonesian rupiah, the South Korean won, the Philippine peso and the Singapore dollar, all relative to the U.S. dollar.

Payout at maturity will be par plus 170% of any basket appreciation against the U.S. dollar. If the basket remains flat or falls against the U.S. dollar, the payout will be par.

The notes are expected to price on Dec. 5 and settle on Dec. 10.

Barclays Capital Inc. is the agent.

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