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Published on 10/18/2010 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $4.02 million buffered digital plus notes linked to Asian currencies versus euro

By Angela McDaniels

Tacoma, Wash., Oct. 18 - Barclays Bank plc priced $4.02 million of 0% buffered digital plus notes due Oct. 27, 2011 linked to the performance of a basket of currencies relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the South Korean won, Indonesian rupiah and Singapore dollar. The level of the basket will increase if it appreciates relative to the euro.

If the basket return is 3% or more, the payout at maturity will be 95% of par plus the greater of the basket return and 8.8%, subject to a maximum return on the notes of 12.5%.

If the basket return is less than 3%, the payout will be 95% of par.

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

Issuer:Barclays Bank plc
Issue:Buffered digital plus notes
Underlying currencies:South Korean won, Indonesian rupiah and Singapore dollar, equally weighted
Amount:$4,015,000
Maturity:Oct. 27, 2011
Coupon:0%
Price:Par
Payout at maturity:If basket return is 3% or more, 95% of par plus greater of basket return and 8.8%, subject to maximum return of 12.5%; if basket return is less than 3%, 95% of par
Initial exchange rates:1,565.37 for won; 12,533.38 for rupiah; 1.8225 for Singapore dollar
Pricing date:Oct. 15
Settlement date:Oct. 20
Agents:JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:1%
Cusip:06740P2M7

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