Barclays to price notes linked to best-performing currencies of basket

By Angela McDaniels

Tacoma, Wash., March 22 - Barclays Bank plc plans to price 0% notes due 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 will consist of the three best-performing currencies among the following: the Brazilian real, the Russian ruble, the Indian rupee and the Turkish lira. The best-performing currencies will be the ones with the most appreciation (or the least depreciation) relative to the dollar.

If the basket return is greater than zero, the payout at maturity will be par plus the greater of the contingent minimum return and the basket return. The contingent minimum return is expected to be 16% to 20% and will be set at pricing.

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

Barclays Capital Inc. is the agent.

The Cusip number is 06738KFN6.

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