By Susanna Moon
Chicago, Sept. 18 - Barclays Bank plc sold $1 million of 100% principal-protected bear notes due Sept. 18, 2009 linked to a currency basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of equal weights of the exchange rates against the U.S. dollar of the Australian dollar, the Swiss franc and the Canadian dollar.
At maturity, if the basket level is greater than the initial level, investors will receive par plus the basket return multiplied by the participation rate of 190%.
If the final basket level is less than the initial level, the payout at maturity will be par.
Barclays Capital Inc. is 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 Australian dollar, the Swiss franc and the Canadian dollar
|
| Amount: | $1 million
|
| Maturity: | Sept. 18, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level is greater than the initial level, payout at maturity will be the basket performance times a participation rate of 190%; otherwise, par
|
| Initial exchange rates: | 1.19119 for the Australian dollar, 1.1870 for the Swiss franc and 1.0324 for the Canadian dollar
|
| Pricing date: | Sept. 13
|
| Settlement date: | Sept. 18
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 2.5%
|
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