By Angela McDaniels
Tacoma, Wash., March 29 - Barclays Bank plc priced $1 million of 0% notes due Nov. 19, 2014 linked to the performance of a basket of currencies, 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 20% and the basket return. If the basket return is less than or equal to zero, the payout will be par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying basket: | The three best-performing currencies among the Brazilian real, the Russian ruble, the Indian rupee and the Turkish lira, equally weighted
|
| Amount: | $1 million
|
| Maturity: | Nov. 19, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus greater of 20% and basket return if basket return is greater than zero; otherwise, par
|
| Initial exchange rates: | 1.6581 for real; 28.3058 for ruble; 44.65 for rupee; 1.554 for lira
|
| Pricing date: | March 25
|
| Settlement date: | March 30
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 0.5%
|
| Cusip: | 06738KFN6
|
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