Barclays to price return enhanced notes linked to BRIC currencies

By Marisa Wong

Madison, Wis., May 14 - Barclays Bank plc plans to price 0% return enhanced notes due May 22, 2015 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi, equally weighted. The basket level will increase if the basket appreciates relative to the dollar.

If the final basket level is greater than the initial basket level, the payout at maturity will be par plus 1.16 to 1.45 times the basket gain. The exact upside leverage factor will be set at pricing.

If the basket declines, the payout will be par.

The notes (Cusip: 06738K5L1) are expected to price May 18 and settle May 23.

Barclays Capital Inc. is the agent.

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