Barclays redeems trigger optimization securities tied to Weatherford

By Marisa Wong

Madison, Wis., Feb. 28 - Barclays Bank plc said it redeemed its $14,505,540 of outstanding trigger autocallable optimization securities due Jan. 27, 2012 linked to the common stock of Weatherford International Ltd. in full on Feb. 28.

The securities (Cusip: 06741J406) were redeemed at a redemption price of 101.77, which includes an annualized call return of 21.2%.

The Bank of New York Mellon was the redemption agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.