By Angela McDaniels
Tacoma, Wash., Aug. 31 - Barclays Bank plc priced $2 million of notes due Aug. 26, 2016 linked to the performance of the Indonesian rupiah relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The exchange rate is expressed as the number of rupiah per dollar.
Interest is payable annually. The interest amount will equal 7.65% per year multiplied by the quotient of the initial exchange rate divided by the exchange rate on the related valuation date.
The payout at maturity will be $1,000 multiplied by the quotient of the initial exchange rate divided by the final exchange rate.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying currency: | Indonesian rupiah relative to dollar
|
| Amount: | $2 million
|
| Maturity: | Aug. 26, 2016
|
| Coupon: | 7.65% per year multiplied by quotient of initial exchange rate divided by exchange rate on related valuation date; payable annually
|
| Price: | Par
|
| Payout at maturity: | Par multiplied by quotient of initial exchange rate divided by final exchange rate
|
| Initial index level: | 8,535 rupiah per dollar
|
| Pricing date: | Aug. 29
|
| Settlement date: | Aug. 31
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1%
|
| Cusip: | 06738KTE1
|
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