By Marisa Wong
Madison, Wis., Nov. 2 - Barclays Bank plc priced $1.55 million of 0% notes due Nov. 1, 2013 linked to the performance of two baskets of currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The long basket includes equal weights of the Korean won, Malaysian ringgit, Taiwan dollar and Indian rupee. The short basket includes equal weights of the British pound sterling, Japanese yen and U.S. dollar.
The currency return will equal the return of the long basket minus the return of the short basket.
The payout at maturity will be par plus the currency return, subject to a minimum payout of $900 and a maximum payout of $1,300 per $1,000 principal amount of notes.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying baskets: | Long basket of the Korean won, Malaysian ringgit, Taiwan dollar and Indian rupee and short basket of the British pound sterling, Japanese yen and U.S. dollar
|
| Amount: | $1.55 million
|
| Maturity: | Nov. 1, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus return of long basket minus return of short basket, subject to floor of $900 and cap of $1,300 per $1,000
|
| Initial rates: | 1,124.20 for won; 3.1102 for ringgit; 30.583 for Taiwan dollar; 44.54 for rupee; 0.6255 for pound; and 80.55 for yen
|
| Pricing date: | Oct. 29
|
| Settlement date: | Nov. 3
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 2%
|
| Cusip: | 06740PB21
|
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