New Issue: Barclays prices $3.5 million principal-protected notes linked to BRIC currency basket

By Jennifer Chiou

New York, Dec. 22 - Barclays Bank plc priced a $3.5 million issue of 100% principal-protected notes due Dec. 26, 2008 linked to a basket of the BRIC currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Brazilian real, Russian ruble, Indian rupee and Chinese yuan.

The payout at maturity will par plus 275% of the basket gain if the basket has a positive performance. If the basket has a negative performance, the payout will be par.

Barclays Capital is the agent.

Issuer:	Barclays Bank plc
Issue:	100% principal-protected medium-term series A notes
Underlying assets:	Equal weights of the Brazilian real, Russian ruble, Indian rupee and Chinese yuan
Amount:	$3.5 million
Maturity:	Dec. 26, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 275% of any basket gain; floor of par
Initial rates:	Brazilian real at 0.463113, Russian ruble at 0.038038, Indian rupee at 0.022356 and Chinese yuan at 0.127894, all against the dollar
Pricing date:	Dec. 21
Settlement date:	Dec. 27
Agent:	Barclays Capital
Fees:	3%

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