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Barclays to price 95% principal-protected notes linked to dollar versus euro
By E. Janene Geiss
Philadelphia, May 16 - Barclays Bank plc plans to price zero-coupon 95% principal-protected notes due May 26, 2010 linked to the performance of the dollar against the euro, according to an FWP filing with the Securities and Exchange Commission.
If the dollar strengthens against the euro or weakens by 5% or less, the payout at maturity will be par plus the change in the exchange rate. If the dollar weakens relative to the euro by more than 5%, the payout for every $1,000 principal amount will be $950.
The notes are expected to price May 22 and settle May 28.
Barclays Capital Inc. is the agent.
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