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Barclays to sell principal-protected notes linked to seven currencies
By Susanna Moon
Chicago, Dec. 2 - Barclays Bank plc plans to price zero-coupon 100% principal-protected notes due March 18, 2013 linked to the performance of a basket of equally weighted currencies relative to the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.
The underlying currencies are the Chinese renminbi, Australian dollar, Brazilian real, Turkish lira, South African rand, Israeli new shekel and New Taiwan dollar.
The payout at maturity will be par plus at least 100% of any basket gain.
Investors will receive at least par.
The notes will price on Dec. 15 and settle on Dec. 18.
Barclays Capital Inc. is the agent.
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