By Susanna Moon
Chicago, Aug. 30 - Barclays Bank plc priced $1.5 million 0% buffered Super Track notes due Aug. 30, 2012 based on the performance of a basket of equally weighted currencies relative to the euro, according to an FWP filing with the Securities and Exchange Commission.
The underlying currencies are the Australian dollar, Brazilian real, Canadian dollar and Norwegian krone.
The payout at maturity will be par plus 2.05 times any basket gain.
Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track notes
|
| Underlying currencies: | Australian dollar, Brazilian real, Canadian dollar and Norwegian krone, equally weighted against euro
|
| Amount: | $1.5 million
|
| Maturity: | Aug. 30, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 205% of any basket gain; exposure to any losses beyond 20%
|
| Initial exchange rates: | 1.43300 for Australian dollar, 2.24147 for real, 1.34195 for Canadian dollar and for 7.99700 Norwegian krone
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06740PND4
|
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