Barclays plans three-year notes linked to four currencies v. dollar

By Jennifer Chiou

New York, June 30 - Barclays Bank plc plans to price notes due July 31, 2014 linked to a basket of equally weighted currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, the Australian dollar, the Canadian dollar and the Norwegian krone.

On any observation date to fall on July 26 of each year, if the basket return is positive, the digital coupon percentage will be 12% to 14%.

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%.

The notes (Cusip: 06738KMS7) will price on July 26 and settle on July 29.

Barclays Capital Inc. is the agent.

© 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.