New Issue: Barclays prices $2.8 million two-year Mitts linked to real, peso vs. euro

By Jennifer Chiou

New York, July 1 - Barclays Bank plc priced $2,801,980 of 0% Currency Market Index Target-Term Securities due June 26, 2015 linked to equal weights of the Brazilian real and the Mexican peso relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.

BofA Merrill Lynch is the underwriter.

The payout at maturity will be par of $10 plus 144% of any gain in the currency.

If the currency falls, the payout will be par plus the return, with a minimum payout of 90% of par.

Issuer:	Barclays Bank plc
Issue:	Currency Market Index Target-Term Securities
Underlying currency:	Brazilian real and Mexican peso, equally weighted, relative to euro
Amount:	$2,801,980
Maturity:	June 26, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 144% of currency gain; if currency falls, exposure to 10% of losses
Initial exchange rates:	2.8406 for real and 16.9548 for peso
Pricing date:	June 27
Settlement date:	July 5
Underwriter:	BofA Merrill Lynch
Fees:	1.75%
Cusip:	06742D853

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