By Jennifer Chiou
New York, March 29 - Barclays Bank plc priced $200,000 of 0% Performance Leveraged Upside Securities due March 28, 2012 linked to three equally weighted currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
Morgan Stanley Smith Barney LLC and Barclays Capital Inc. are the agents.
The underlying currencies are the Japanese yen, British pound and euro.
If the dollar gains against the basket, the payout at maturity will be par plus 135% of the change, up to a maximum return of 19%.
If the basket gains versus the dollar, investors will share in losses.
| Issuer: | Barclays Bank plc
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying currencies: | Equal weights of the Japanese yen, British pound and euro against the dollar
|
| Amount: | $200,000
|
| Maturity: | March 28, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 135% of any gain in the dollar against the basket, up to maximum return of 19%; full exposure to any decline
|
| Initial rates: | 92.57 yen per dollar; 0.6709 pounds per dollar; 0.7464 euros per dollar
|
| Pricing date: | March 26
|
| Settlement date: | March 30
|
| Agents: | Morgan Stanley Smith Barney LLC and Barclays Capital Inc.
|
| Fees: | 2.25%
|
| Cusip: | 06740JM49
|
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