Barclays plans to price 2.5-year notes linked to Asian currencies

By Marisa Wong

Madison, Wis., Feb. 14 - Barclays Bank plc plans to price 0% notes due Aug. 28, 2012 linked to the performance of a basket of currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Korean won, the Malaysian ringgit, the Singapore dollar and the Indonesian rupiah, each with a 25% weight.

If the basket return is positive, the payout at maturity will be par of $1,000 plus 1.1 to 1.4 times the return. The exact upside leverage factor will be set at pricing.

Investors will be exposed to the decline if the basket return is negative, subject to a maximum loss of 15%.

The notes (Cusip: 06738KCD1) are expected to price Feb. 23 and settle Feb. 28.

Barclays Capital Inc. is the underwriter.

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