By Angela McDaniels
Tacoma, Wash., Oct. 20 - Barclays Bank plc priced $3.76 million of zero-coupon 95% principal-protected notes due Oct. 21, 2011 linked to the performance of three baskets of currencies relative to the U.S. 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 first basket includes the Canadian dollar, Mexican peso and Brazilian real. The second basket includes the euro, Swedish krona and Swiss franc. The third basket includes the Japanese yen, Singapore dollar and South Korean won. In each basket, the currencies are equally weighted.
The payout at maturity will be 95% of par plus 50% of the return of the top-performing basket, 35% of the return of the middle-performing basket and 15% of the return of the lowest-performing basket. Investors will receive at least 95% of par.
If a basket appreciates relative to the U.S. dollar, its return will be positive. If a basket depreciates relative to the U.S. dollar, its return will be negative.
| Issuer: | Barclays Bank plc
|
| Issue: | 95% principal-protected notes
|
| Underlying baskets: | Canadian dollar, Mexican peso and Brazilian real; euro, Swedish krona and Swiss franc; Japanese yen, Singapore dollar and South Korean won; each against the U.S. dollar; currencies are equally weighted in each basket
|
| Amount: | $3.76 million
|
| Maturity: | Oct. 21, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | 95% of par plus 50% of top-performing basket's return, 35% of middle-performing basket's return and 15% of lowest-performing basket's return
|
| Initial exchange rates: | 1.04020 for Canadian dollar; 13.14745 for peso; 1.71350 for real; 0.67220 for euro; 6.97005 for krona; 1.01985 for franc; 90.87500 for yen; 1.39390 for Singapore dollar; 1,158.8 for won
|
| Pricing date: | Oct. 16
|
| Settlement date: | Oct. 21
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
|
| Fees: | 1.25%
|
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