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Published on 9/29/2010 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $230,000 of 0% notes due 2013 on BRIC currency basket

By Marisa Wong

Madison, Wis., Sept. 29 - Barclays Bank plc priced $230,000 of 0% notes due Sept. 30, 2013 linked to the performance of a basket of four 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 Russian ruble, the Indian rupee and the Chinese renminbi.

The payout at maturity will be par plus 1.25 times any basket gain.

If the basket return is zero or negative, the payout will be par.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Notes
Underlying currencies:Brazilian real, Russian ruble, Indian rupee and Chinese renminbi, equally weighted
Amount:$230,000
Maturity:Sept. 30, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus 125% of any basket gain; investors will receive at least par.
Initial rates:1.71 for real, 30.5458 for ruble, 45.04 for rupee and 6.7098 for renminbi
Pricing date:Sept. 27
Settlement date:Sept. 30
Agents:Barclays Capital Inc.
Fees:0.75%
Cusip:06740PNB8

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