Playing with four currencies
Barclays Bank has issued a one-year, capital-protected product that plays the performance of a basket of four Asian currencies against the US dollar. The return is fixed at 14.85% if the basket finishes above its initial level at maturity
This is a one-year product linked to the performance of four Asian currencies against the US dollar. Capital is 95% principal protected and investors will receive the greater of a fixed return of at least 14.85% or the growth of the basket if the rise in the underlying basket is greater than 3%.
This product is due to price on January 21, 2011. The size of the digital payment will be settled on this date and will not be less than 14.85%, according to the product brochure.
The basket currencies
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