Barclays redeems trigger optimization securities on Rio Tinto ADSs

By Marisa Wong

Madison, Wis., Feb. 28 - Barclays Bank plc said it redeemed in full its $10,482,020 of outstanding trigger autocallable optimization securities due Jan. 27, 2012 linked to the American Depositary Shares of Rio Tinto plc on Feb. 28.

The securities (Cusip: 06741J307) were redeemed at a redemption price of 101.75, which includes an annualized call return of 21%.

The Bank of New York Mellon was the redemption agent.

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