New Issue: Barclays sells $1.32 million 98% principal-protected notes linked to BRIC currencies

By Susanna Moon

Chicago, Oct. 6 - Barclays Bank plc priced $1.32 million of zero-coupon 98% principal-protected notes due Oct. 7, 2011 linked to the performance of a basket of four equally weighted currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.

The underlying currencies are the Brazilian real, the Russian ruble, the Indian rupee and the Chinese yuan.

The payout at maturity will be $980 per $1,000 principal amount plus 1.29 times any basket gain, up to a maximum return of 17.35%.

Investors will receive at least $980 per note.

Issuer:	Barclays Bank plc
Issue:	98% principal-protected notes
Underlying currencies:	Brazilian real, Russian ruble, Indian rupee and Chinese yuan, equally weighted
Amount:	$1,319,000
Maturity:	Oct. 7, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	98% of par plus 129% of any basket gain, capped at maximum return of 17.35%; floor of 98% of par
Initial exchange rates:	1.78485 for real; 30.14850 for ruble; 47.74000 for rupee; 6.82630 for yuan
Pricing date:	Oct. 2
Settlement date:	Oct. 7
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:	1.5%

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