Barclays redeems 10% reverse convertibles linked to Bank of America

By Marisa Wong

Madison, Wis., March 7 - Barclays Bank plc said it redeemed its $850,000 of outstanding 10% single observation callable reverse convertible notes due Dec. 7, 2011 linked to the shares of Bank of America Corp. on March 7.

The notes (Cusip: 06740PW44) were redeemed at par plus accrued interest to the redemption date.

The Bank of New York Mellon Trust Co., NA is the redemption agent.

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