Barclays plans two-year protected notes tied to renminbi via JPMorgan

By Susanna Moon

Chicago, May 30 - Barclays Bank plc plans to price 0% notes due June 6, 2014 linked to the Chinese renminbi relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.96 times any gain in the currency.

If the renminbi falls, the payout will be par.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC will be the agents.

The notes will price on June 1 and settle on June 6.

The Cusip number is 06738K6P1.

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