Barclays to price 0% digital plus notes linked to three currencies

By E. Janene Geiss

Philadelphia, Aug. 6 - Barclays Bank plc plans to price zero-coupon principal-protected digital plus notes due Aug. 28, 2009 linked to the performance against the dollar of three currencies, according to an FWP filing with the Securities and Exchange Commission.

The equally weighted basket consists of the Brazilian real, the Indian rupee and the Iceland krone.

The notes will price Aug. 28 and settle Aug. 31.

If the basket increases by more than 9%, the payout at maturity will be par plus the basket return. Investors will receive par plus $90 if the basket increases by 9% or less and par if the basket declines.

Barclays Capital will be 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.