Barclays to price two-year notes linked to two currency baskets

By Marisa Wong

Madison, Wis., Nov. 3 - Barclays Bank plc plans to price 0% notes due Nov. 29, 2012 linked to the performance of two baskets of currencies relative to the U.S. dollar, according to an FWP 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 $850 per $1,000 principal amount of notes.

The notes (Cusip: 06740PF76) are expected to price Nov. 24 and settle Nov. 30.

Barclays Capital Inc. is the agent.

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