Barclays Bank plans performance securities linked to currency basket

By Jennifer Chiou

New York, Oct. 2 - Barclays Bank plc plans to price 0% performance securities due Oct. 22, 2010 linked to a currency basket, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of the Australian dollar, Brazilian real and Canadian dollar, all relative to the U.S. dollar.

If the basket gains, the payout will be par plus 205% to 255% of the increase. The participation rate will be determined at pricing.

Investors will share in any losses.

The notes are set to price on Oct. 16 and settle on Oct. 21.

UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.

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