Barclays to price protected notes linked to renminbi via JPMorgan

By Toni Weeks

San Diego, June 5 - Barclays Bank plc plans to price 0% notes due June 12, 2014 linked to the Chinese renminbi exchange rate relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 196% of any gain in the exchange rate.

Investors will receive par if the exchange rate declines.

The notes (Cusip: 06738K6P1) are expected to price June 8 and settle June 13.

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

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