Barclays plans to price notes linked to renminbi via JPMorgan

By Toni Weeks

San Diego, July 31 - Barclays Bank plc plans to price 0% notes due Aug. 7, 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 264% of any gain in the exchange rate.

Investors will receive par if the exchange rate declines.

The notes (Cusip: 06741TDV6) are expected to price Aug. 3 and settle Aug. 8.

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

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