New Issue: Barclays prices $7.43 million notes linked to Chinese renminbi

By Angela McDaniels

Tacoma, Wash., June 12 - Barclays Bank plc priced $7.43 million of 0% notes due June 12, 2014 linked to the performance of the Chinese renminbi relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the currency return is greater than zero, the payout at maturity will be par plus 196% of the return. If the currency return is less than or equal to zero, the payout will be par.

The currency return will be positive if the renminbi appreciates relative to the dollar.

Barclays Capital Inc. is the agent. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are dealers.

Issuer:	Barclays Bank plc
Issue:	Notes
Underlying currency:	Chinese renminbi relative to dollar
Amount:	$7,428,000
Maturity:	June 12, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If currency return is greater than zero, par plus 196% of return; if currency return is less than or equal to zero, par
Initial exchange rate:	6.3188 renminbi per dollar
Pricing date:	June 8
Settlement date:	June 13
Agent:	Barclays Capital Inc.
Dealers:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	06738K6P1

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