New Issue: Barclays prices $1 million principal-protected notes linked to BRIC currencies plus euro

By E. Janene Geiss

Philadelphia, Jan. 29 - Barclays Bank plc priced $1 million of zero-coupon 100% principal-protected notes due July 28, 2010 linked to the performance of the dollar versus a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of equal weights (20%) of the Brazilian real, Russian ruble, Indian rupee, Chinese yuan and euro.

The payout at maturity will be par plus double any depreciation in the dollar relative to the basket. If the dollar remains flat or appreciates versus the basket, the payout will be par.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	100% principal-protected notes
Underlying exchange rates:	Equally weighted basket of Brazilian real, Russian ruble, Indian rupee, Chinese yuan and euro
Amount:	$1 million
Maturity:	July 28, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any depreciation in the dollar versus the basket; floor of par
Initial exchange rates:	1.7875 for real, 39.4000 for ruble, 7.2065 for rupee, 24.4547 for yuan and 0.6800 of a euro, per dollar
Pricing date:	Jan. 25
Settlement date:	Jan. 31
Agent:	Barclays Capital
Fees:	2.5%

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