Barclays redeems $9.33 million trigger optimization notes tied to Hess

By Marisa Wong

Madison, Wis., April 15 - Barclays Bank plc gave notice that redeemed its $9,325,840 of outstanding trigger autocallable optimization securities due Feb. 17, 2012 linked to the common stock of Hess Corp. on April 15.

The securities (Cusip: 06740P494) were redeemed at 102.9799999, which is equal to par plus an annualized call return of 17.86%.

The notes were called because Hess stock closed above the initial share price on April 11.

The Bank of New York Mellon was the redemption agent.

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