Barclays delays pricing of return enhanced notes linked to Swiss franc

By Angela McDaniels

Tacoma, Wash., June 4 - Barclays Bank plc changed the dates of its upcoming 0% return enhanced notes linked to the performance of the Swiss franc relative to the euro, according to an FWP filing with the Securities and Exchange Commission.

The notes are now expected to price June 8, settle June 13 and mature March 13, 2013. Previously, they were expected to price June 1, settle June 6 and mature March 6, 2013.

As previously reported, 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.

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

The Cusip number is 06738K6Q9.

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