New Issue: Barclays prices $3.38 million return enhanced notes linked to real, rupee, rupiah

By Angela McDaniels

Tacoma, Wash., Feb. 8 - Barclays Bank plc priced $3.38 million of 0% return enhanced notes due May 9, 2012 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Brazilian real, Indian rupee and Indonesian rupiah.

The payout at maturity will be par plus two times any appreciation of the basket relative to the dollar. Investors will share in any depreciation of the basket, subject to a minimum payout of 95% of par.

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

Issuer:	Barclays Bank plc
Issue:	Return enhanced notes
Underlying currencies:	Brazilian real, Indian rupee and Indonesian rupiah, equally weighted
Amount:	$3,382,000
Maturity:	May 9, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any basket gain relative to dollar; exposure to any basket decline, subject to minimum payout of 95% of par
Initial exchange rates:	1.6738 for real, 45.64 for rupee and 8,976 for rupiah
Pricing date:	Feb. 4
Settlement date:	Feb. 9
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	06738KAS0

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