New Issue: Barclays prices $1.13 million 96% principal-protected notes linked to dollar versus yen

By Angela McDaniels

Tacoma, Wash., March 31 - Barclays Bank plc priced $1.13 million of zero-coupon 96% principal-protected notes due April 1, 2010 linked to the performance of the dollar versus the yen, according to an FWP filing with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA and JPMorgan Securities Inc. are the agents.

If the dollar strengthens relative to the yen, the payout at maturity will be 96% of par plus the appreciation, subject to a maximum return of 12.66%.

If the dollar weakens relative to the yen, investors will receive 96% of par.

Issuer:	Barclays Bank plc
Issue:	96% principal-protected notes
Underlying currency:	Dollar versus the yen
Amount:	$1,125,000
Maturity:	April 1, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	96% of par plus any appreciation of the dollar relative to the yen, up to maximum return of 12.66%; 96% of par if dollar weakens relative to yen
Initial exchange rate:	98.025 yen per dollar
Pricing date:	March 27
Settlement date:	April 1
Agents:	JPMorgan Chase Bank, NA and JPMorgan Securities Inc.
Fees:	1%

© 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.