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Published on 9/16/2009 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $425,000 95% principal-protected notes linked to five currencies

By Angela McDaniels

Tacoma, Wash., Sept. 16 - Barclays Bank plc priced $425,000 of zero-coupon 95% principal-protected notes due Sept. 19, 2012 linked to a basket of currencies, according to a 424B2 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 210% of any appreciation in the basket relative to the dollar. If the basket stays flat or depreciates relative to the dollar, the payout will be 95% of par.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:95% principal-protected notes
Underlying currencies:Brazilian real, Indonesian rupiah, Indian rupee, Polish zloty and South African rand, equally weighted
Amount:$425,000
Maturity:Sept. 19, 2012
Coupon:0%
Price:Par
Payout at maturity:95% of par plus 210% of any basket appreciation versus the dollar; if basket stays flat or depreciates versus the dollar, 95% of par
Initial exchange rates:1.8147 reais per dollar; 9,940 rupiah per dollar; 48.7350 rupees per dollar; 2.8611 zlotys per dollar; 7.4540 rand per dollar
Pricing date:Sept. 14
Settlement date:Sept. 17
Agent:Barclays Capital Inc.
Fees:None

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