New Issue: Barclays sells $6.46 million 98% protected notes linked to BRIC currencies via JPMorgan

By Susanna Moon

Chicago, Sept. 29 - Barclays Bank plc priced $6.46 million of zero-coupon 98% principal-protected notes due Sept. 30, 2011 linked to the performance of a basket of equally weighted currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

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

The underlying currencies are the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi.

The payout at maturity will be $980 per $1,000 principal amount plus 1.41 times any gain in the basket, up to a maximum return of 19.15%.

Investors will receive at least $980 per note.

Issuer:	Barclays Bank plc
Issue:	98% principal-protected notes
Underlying currencies:	Brazilian real, Russian ruble, Indian rupee and Chinese renminbi, equally weighted against the dollar
Amount:	$6,464,000
Maturity:	Sept. 30, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	98% of par plus 141% of any basket gain, capped at 19.15%; floor of 98% of par
Initial exchange rates:	1.79915 for real, 30.25370 for ruble, 47.97000 for the rupee and 6.82820 for the renminbi
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:	1.5%

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