New Issue: Barclays prices $7.88 million return enhanced notes on BRIC currencies

By Susanna Moon

Chicago, Aug. 16 - Barclays Bank plc priced $7.88 million of 0% return enhanced notes due Feb. 19, 2013 linked to a basket of equally weighted currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi.

The payout at maturity will be par plus 1.38 times any basket gain.

If the index falls by up to 5%, investors will be exposed to those losses.

If the index falls by more than 5%, the payout will be $950 per $1,000 principal amount.

JPMorgan Chase Bank, NA and JPMorgan Securities LLC are the placement agents.

Issuer:	Barclays Bank plc
Issue:	Return enhanced notes
Underlying currencies:	Brazilian real, Russian ruble, Indian rupee and Chinese renminbi, equally weighted
Amount:	$7,875,000
Maturity:	Feb. 19, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 138% of basket return; exposure to losses of up to 5%, floor of 95% of par
Initial level:	1.6157 for real, 29.4158 for ruble, 45.3740 for rupee and 6.3972 for renminbi
Pricing date:	Aug. 12
Settlement date:	Aug. 17
Agents:	JPMorgan Chase Bank, NA and JPMorgan Securities LLC
Fees:	1.25%
Cusip:	06738KRT0

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