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Barclays plans principal-protected notes linked to currency basket
By Susanna Moon
Chicago, Jan. 30 - Barclays Bank plc plans to price zero-coupon 100% principal-protected notes due Feb. 27, 2013 linked to a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of equal weights of the British pound sterling, the Australian dollar and the New Zealand dollar, each against the U.S. dollar.
Payout at maturity will be par plus any basket gain.
Investors will receive at least par.
The notes are expected to price on Feb. 24 and settle on Feb. 27.
Barclays Capital Inc. is the agent.
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