Barclays plans performance securities linked to Asian currencies

By Jennifer Chiou

New York, Feb. 11 - Barclays Bank plc plans to price 0% performance securities due Feb. 28, 2013 tied to a basket of Asian currencies relative to the U.S. dollar, according to an FWP with the Securities and Exchange Commission.

The basket includes equal weights of the Chinese renminbi, the Singapore dollar, the Korean won and the Philippine peso.

If the basket return is positive, the payout at maturity will be par plus 140% to 170% of the basket return. Investors will receive par if the basket performance is even and will share in any losses.

The notes (Cusip: 06740P510) will price on Feb. 23 and settle on Feb. 28.

UBS Financial Services Inc. and Barclays Capital Inc. are the agents.

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