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