Barclays plans to sell three-year notes linked to BRIC currency basket

By Susanna Moon

Chicago, Aug. 26 - Barclays Bank plc plans to price 0% notes due Sept. 30, 2013 based on the performance of a basket of four equally weighted currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

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

The payout at maturity will be par plus 125% to 150% of any basket gain, with the exact participation rate to be set at pricing.

If the basket falls against the dollar, the payout will be par.

The notes (Cusip 06740PNB8) will price on Sept. 27 and settle on Sept. 30.

Barclays Capital Inc. is the agent.

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