By Marisa Wong
Madison, Wis., Feb. 22 - Barclays Bank plc priced $19.65 million of 0% market plus notes due March 1, 2013 linked to the performance of the Polish zloty relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the final zloty per dollar exchange rate is greater than or equal to 80% of the initial exchange rate, the payout at maturity will be par plus the greater of a 13% contingent minimum return and the reference rate return.
Otherwise, investors will share in any losses.
Barclays Capital Inc. is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA handling distribution.
| Issuer: | Barclays Bank plc
|
| Issue: | Market plus notes
|
| Underlying currency: | Polish zloty
|
| Amount: | $19,645,000
|
| Maturity: | March 1, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final exchange rate is greater than or equal to 80% of initial rate, par plus greater of 13% and rate return
|
| Initial rate: | 3.1835
|
| Pricing date: | Feb. 17
|
| Settlement date: | Feb. 23
|
| Agents: | Barclays Capital Inc. as agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA handling distribution
|
| Fees: | 1%
|
| Cusip: | 06738KQ87
|
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