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Barclays plans 90% protected notes linked to three Asian currencies
By Susanna Moon
Chicago, Sept. 7 - Barclays Bank plc plans to price 0% notes due Sept. 28, 2012 based on the performance of a basket of three equally weighted currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.
The underlying currencies are the Indian rupee, the Indonesian rupiah and the Malaysian ringgit.
The payout at maturity will be par plus 120% to160% of any basket gain, with the exact participation rate to be set at pricing.
Investors will share in losses up to 10%.
The notes (Cusip 06740PPZ3) will price on Sept. 27 and settle on Sept. 30.
Barclays Capital Inc. is the agent.
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