By Susanna Moon
Chicago, July 17 - Barclays Bank plc priced $3 million of zero-coupon 100% principal-protected notes due July 19, 2012 linked to a basket of equally weighted currencies, each relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying currencies are the Brazilian real, the Chinese yuan, the Australian dollar and the Canadian dollar.
The payout at maturity will be par plus 160% of any basket gain.
Investors will receive at least par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | 100% principal-protected notes
|
| Underlying currencies: | Equal weights of Brazilian real, Chinese yuan, Australian dollar and Canadian dollar, each against U.S. dollar
|
| Amount: | $3 million
|
| Maturity: | July 19, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 160% of any basket gain; floor of par
|
| Initial exchange rates: | 1.9441 for real, 6.8316 for yuan, 1.24743 for Australian dollar and 1.12085 for Canadian dollar
|
| Pricing date: | July 15
|
| Settlement date: | July 20
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1%
|
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