Barclays plans 90% principal-protected notes linked to currencies

By Jennifer Chiou

New York, Nov. 6 - Barclays Bank plc plans to price zero-coupon 90% principal-protected notes due Nov. 21, 2012 linked to the performance of a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of the following exchange rates:

• The Japanese yen and the Australian dollar;

• The Japanese yen and the Norwegian krone;

• The Japanese yen and the Canadian dollar; and

• The Japanese yen and the Brazilian real.

The payout at maturity will be 90% of par plus any appreciation of the yen against the basket currencies. Investors will receive at least 90% of par.

The notes are expected to price on Nov. 16 and settle on Nov. 19.

Barclays Capital Inc. is the agent.

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