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Barclays plans principal-protected notes linked to currency basket
By E. Janene Geiss
Philadelphia, Dec. 5 - Barclays Bank plc plans to price an issue of zero-coupon 100% principal-protected notes due June 24, 2010 linked to a basket of currencies, according to a 424B5 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Brazilian real, the Russian ruble, the Indian rupee, the Chinese yuan and the euro, all against the dollar.
The payout at maturity will be par plus 200% of any gain on the basket. Investors will receive at least par.
The notes are expected to price Dec. 21 and settle Dec. 31.
Barclays Capital Inc. is the underwriter.
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