Barclays to sell buffered Super Track Notes linked to four currencies

By Susanna Moon

Chicago, Dec. 7 - Barclays Bank plc plans to price zero-coupon buffered Super Track Notes due June 30, 2011 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 Brazilian real, Australian dollar, the Norwegian krone and the Canadian dollar.

The payout at maturity will be par plus 1.75 to 2.25 times any basket gain, with the exact participation rate to be set at pricing.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% drop beyond 10%.

The notes will price on Dec. 28 and settle on Dec. 31.

Barclays Capital Inc. is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.