New Issue: Barclays prices $13.7 million return enhanced notes linked to three currencies

By Toni Weeks

San Diego, June 22 - Barclays Bank plc priced $13.7 million of 0% return enhanced notes due Dec. 21, 2012 linked to the performance of a basket of currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket components are the Brazilian real, the Indian rupee and the Indonesian rupiah.

The payout at maturity will be par plus 2.29 times any gain in the basket. Investors will lose 1% for every 1% decline in the basket up to 5% and will receive 95% of par if the basket declines beyond 5%.

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:	$13,704,000
Maturity date:	Dec. 21, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2.29 times any gain in the basket; 1% loss for every 1% decline up to 5%; 95% of par if basket declines beyond 5%
Initial exchange rates:	1.5969 for real, 44.99 for rupee and 8,579 for rupiah
Pricing date:	June 20
Settlement date:	June 23
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	0.9%
Cusip:	06738KTW1

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