Barclays plans 95% principal-protected notes linked to five currencies

By Angela McDaniels

Tacoma, Wash., Sept. 1 - Barclays Bank plc plans to price zero-coupon 95% principal-protected notes due Sept. 19, 2012 linked to the performance of a basket of currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of the Brazilian real, Indonesian rupiah, Indian rupee, Polish zloty and South African rand.

The payout at maturity will be 95% of par plus 200% to 220% of any basket appreciation versus the dollar, with the exact participation rate to be set at pricing. If the basket remains flat or depreciates versus the dollar, investors will receive 95% of par.

The notes are expected to price Sept. 14 and settle Sept. 17.

Barclays Capital Inc. is the agent.

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