By Susanna Moon
Chicago, March 28 - Barclays Bank plc priced $2 million of zero-coupon principal-protected notes due March 30, 2011 linked to a basket of four currencies against the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The basket contains equal weights of the Brazilian real, the Russian ruble, the Indian rupee and the euro, all versus the dollar.
The payout at maturity will be par plus 350% of any gain in the currency basket. Investors will receive at least par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Principal-protected notes
|
| Underlying currencies: | Equal weights of Brazilian real, the Russian ruble, the Indian rupee and the euro, all against dollar
|
| Amount: | $2 million
|
| Maturity: | March 30, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 350% of any basket gain; floor of par
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 3%
|
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