Barclays plans return enhanced notes linked to Swiss franc versus euro

By Angela McDaniels

Tacoma, Wash., May 30 - Barclays Bank plc plans to price 0% return enhanced notes due March 6, 2013 linked to the performance of the Swiss franc relative to the euro, according to an FWP filing with the Securities and Exchange Commission.

If the Swiss franc strengthens relative to the euro, the payout at maturity will be par plus 1.38 times the gain, subject to a maximum return of 13.8%. If the Swiss franc weakens relative to the euro, investors will lose 1% for every 1% that it declines.

The notes (Cusip: 06738K6Q9) are expected to price June 1 and settle June 6.

Barclays Capital Inc. is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as dealers.

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