By Angela McDaniels
Tacoma, Wash., Oct. 14 - Barclays Bank plc priced $300,000 of zero-coupon 100% principal-protected notes due Oct. 16, 2012 linked to the Barclays Capital Trade-Weighted Dollar Diversification Index USD Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 165% of any index gain. If the index remains flat or declines, the payout will be par.
The index is designed to reflect the excess return of a "dollar diversification strategy," which seeks to capture the returns that are potentially available from a future depreciation in the U.S. dollar relative to a basket of 10 currencies including the Brazilian real, Canadian dollar, Chinese yuan, euro, British pound, Japanese yen, South Korean won, Mexican peso, Saudi Arabian riyal and Singapore dollar. Their respective weights are determined according to the statistical rankings of the leading trading partners of the United States as reported by the International Monetary Fund.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | 100% principal-protected notes
|
| Underlying index: | Barclays Capital Trade-Weighted Dollar Diversification Index USD Excess Return
|
| Amount: | $300,000
|
| Maturity: | Oct. 16, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 165% of any index gain; par if index remains flat or declines
|
| Initial index level: | 120.4258
|
| Pricing date: | Oct. 8
|
| Settlement date: | Oct. 15
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.125%
|
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