Barclays to price return enhanced notes linked to BRIC currencies

By Jennifer Chiou

New York, Aug. 9 - Barclays Bank plc plans to price 0% return enhanced notes due Feb. 19, 2013 linked to the performance of a basket of currencies relative to the dollar, according to an FWP with the Securities and Exchange Commission.

The equally weighted basket includes the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi.

If the basket return is greater than zero, the payout at maturity will be par plus 138% of the basket return. The exact upside leverage factor will be set at pricing.

Investors will share in losses of up to 5% and will receive at least 95% of par.

The notes (Cusip: 06738KRT0) are expected to price on Aug. 12 and settle on Aug. 17.

Barclays Capital Inc. is the underwriter with JPMorgan Chase Bank, NA and JPMorgan Securities LLC as placement agents.

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