Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Barclays Bank plc > News item |
Barclays to price principal-protected bear notes linked to BRIC currency basket
By E. Janene Geiss
Philadelphia, June 12 - Barclays Bank plc plans to price an issue of zero-coupon principal-protected bear notes due Dec. 19, 2008 linked to a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.
The basket includes equal weights of the Brazilian real, Russian ruble, Indian rupee and Chinese yuan.
The payout at maturity will be based upon the performance of the currencies against the dollar. If the currencies strengthen against the dollar, the payout will be par plus a participation rate of 220%. If the currencies weaken relative to the dollar or remain flat, the payout will be par.
The notes are expected to price June 18 and settle June 21.
Barclays Capital is the agent.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.