By Jennifer Chiou
New York, July 28 - Barclays Bank plc priced $700,000 of notes due Jan. 14, 2013 linked to a basket of currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket components are the Brazilian real, the Australian dollar, the Norwegian krone and the Canadian dollar.
On any observation date to fall on July 26 of each year, if the basket return is positive, the digital coupon percentage will be 13%.
The payout at maturity will be par for losses up to 25%. Investors will share fully in losses if the basket declines by more than 25%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying currencies: | Brazilian real, Australian dollar, Norwegian krone and Canadian dollar
|
| Amount: | $700,000
|
| Maturity date: | Jan. 14, 2013
|
| Coupon: | 13% if basket return is positive on July 26 annual observation date
|
| Price: | Par
|
| Payout at maturity: | Par for losses up to 25%; investors will share fully in losses if the basket declines by more than 25%
|
| Initial exchange rates: | 1.5345 for real, 0.914035 for Australian dollar, 5.36195 for krone and 0.94355 for Canadian dollar
|
| Pricing date: | July 26
|
| Settlement date: | July 29
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 3%
|
| Cusip: | 06738KMS7
|
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