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Barclays to price principal-protected notes linked to dollar versus three currencies
By Angela McDaniels
Tacoma, Wash., May 1 - Barclays Bank plc plans to price zero-coupon 100% principal-protected notes due June 2, 2011 linked to the performance of the dollar versus a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.
The basket includes equal weights of the British pound, euro and Japanese yen.
The payout at maturity will be par plus 140% of any appreciation in the dollar relative to the basket. If the dollar remains flat or depreciates relative to the basket, the payout will be par.
The notes will price on May 27 and settle on May 30.
Barclays Capital Inc. will be the agent.
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