By E. Janene Geiss
Philadelphia, May 28 - Barclays Bank plc priced $1.7 million of zero-coupon principal-protected notes due May 26, 2011 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.
The basket contains equal weights of the Japanese yen, Swiss franc, British pound sterling, Singapore dollar and euro, each against the performance of the U.S. dollar.
The payout at maturity will be par plus 150% of any appreciation in the basket relative to the U.S. dollar.
Otherwise, investors will receive par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | 100% principal-protected notes
|
| Underlying basket: | Equal weights of Japanese yen, Swiss franc, British pound sterling, Singapore dollar and euro
|
| Amount: | $1.7 million
|
| Maturity: | May 26, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any basket gain versus dollar; floor of par
|
| Initial rates: | 103.3800 for yen, 1.0247 for franc, 0.5046 for pound sterling and 1.3586 for Singapore dollar and 0.6343 for euro
|
| Pricing date: | May 23
|
| Settlement date: | May 29
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 3%
|
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