New Issue: Barclays prices $3 million of 98% principal-protected notes linked to Asian currencies

By Jennifer Chiou

New York, Feb. 21 - Barclays Bank plc priced $3 million of zero-coupon 98% principal-protected notes due Feb. 18, 2009 linked to a basket of Asian currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of equal weights of the South Korean won, Chinese yuan, Malaysian ringgit, Indian rupee and the Philippine peso, each against the dollar.

The payout at maturity will be 98% of par plus 125% of any basket gain. Investors will receive at least 98% of par.

Barclays Capital Inc. is the underwriter.

Issuer:	Barclays Bank plc
Issue:	98% principal protected notes
Underlying basket:	Equal weights of South Korean won, Chinese yuan, Malaysian ringgit, Indian rupee, Philippine peso, each against dollar
Amount:	$3 million
Maturity:	Feb. 18, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	98% of par plus 125% of any basket gain; floor of 98% of par
Pricing date:	Feb. 20
Settlement date:	Feb. 25
Underwriter:	Barclays Capital Inc.
Fees:	1%

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