Barclays to price return enhanced notes linked to four currencies

By Marisa Wong

Madison, Wis., March 27 - Barclays Bank plc plans to price 0% return enhanced notes due April 4, 2014 linked to a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the Chinese renminbi, the Mexican peso, the Indonesian rupiah and the Russian ruble, equally weighted. The basket level will increase if the basket appreciates relative to the dollar.

If the final basket level is greater than the initial basket level, the payout at maturity will be par plus 1.9 times the basket gain. If the basket declines by less than 5%, the payout will be par minus the decline. If the basket declines by 5% or more, the payout will be 95% of par.

The notes (Cusip: 06738K2H3) are expected to price March 30 and settle April 4.

Barclays Capital Inc. is the agent with JPMorgan Chase Bank, NA and JPMorgan Securities LLC as placement agents.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.