By Laura Lutz
Des Moines, Aug. 30 - Barclays Bank plc sold $1.5 million of 100% principal-protected digital plus notes due Aug. 28, 2009 linked to a currency basket, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of equal weights of the exchange rates against the U.S. dollar of the Brazilian real, the Indian rupee and the Iceland krone.
Interest, if any, will be determined on Aug. 28, 2008. If the basket level on that date is greater than the initial level, investors will receive a coupon payment equal to 9% of par. Otherwise, investors will not receive a coupon payment.
If the final basket level is greater than the initial level, investors will receive par times the basket performance, subject to a minimum positive return of 9%. Otherwise, the payout will be par.
Barclays Capital Inc. will be the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | 100% principal-protected digital plus notes
|
| Underlying basket: | Basket containing equal weights of exchange rates against the U.S. dollar of Brazilian real, Indian rupee and Iceland krone
|
| Amount: | $1.5 million
|
| Maturity: | Aug. 28, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level is greater than the initial level, payout will be greater of par times basket performance and 109% of par; otherwise, investors will receive par
|
| Initial exchange rates: | 1.9876 for Brazilian real; 41.1 for Indian rupee; 63.8173 for Iceland krone
|
| Pricing date: | Aug. 28
|
| Settlement date: | Aug. 31
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 3%
|
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