Barclays to price 95% principal-protected notes linked to four currencies

By Angela McDaniels

Tacoma, Wash., Nov. 25 - Barclays Bank plc plans to price zero-coupon 95% principal-protected notes due Dec. 2, 2011 linked to a basket of currencies, according to an FWP 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 Australian dollar, Brazilian real, Canadian dollar and Norwegian krone.

The payout at maturity will be 95% of par plus at least 1.52 times any appreciation in the basket relative to the U.S. dollar, subject to a maximum return of at least 17.8%. The exact upside leverage factor and cap will be set at pricing.

Investors will receive at least $950 per $1,000 principal amount of notes.

The notes will price Nov. 27 and settle Dec. 2.

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