Barclays plans to price three-year notes linked to BRIC currencies

By Angela McDaniels

Tacoma, Wash., March 29 - Barclays Bank plc plans to price 0% notes due April 21, 2014 linked to the performance of a basket of currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi.

If the basket return is greater than zero, the payout at maturity will be par plus 210% to 260% of the basket return. The exact upside leverage factor will be set at pricing.

If the basket return is less than or equal to zero, the payout will be par.

The notes (Cusip: 06738KFT3) are expected to price April 15 and settle April 20.

Barclays Capital Inc. is the agent.

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