Barclays to price protected notes linked to renminbi via JPMorgan

By Toni Weeks

San Diego, June 19 - Barclays Bank plc plans to price 0% notes due June 30, 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 266% of any gain in the exchange rate.

Investors will receive par if the exchange rate declines.

The notes (Cusip: 06741TBN6) are expected to price June 25 and settle June 28.

Barclays Capital Inc. will be the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.

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