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Barclays plans principal-protected notes linked to currency basket
By Jennifer Chiou
New York, Jan. 4 - Barclays Bank plc plans to price zero-coupon 100% principal-protected notes due July 28, 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, Russian ruble, Indian rupee, 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 on Jan. 25 and settle on Jan. 31.
Barclays Capital Inc. is the underwriter.
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