Barclays redeems optimization securities tied to GE stock at 112.3

By Marisa Wong

Madison, Wis., Feb. 22 - Barclays Bank plc said it redeemed its $24,383,500 of outstanding autocallable optimization securities with contingent protection due April 22, 2011 linked to the common stock of General Electric Co. on Feb. 22.

The notes (Cusip: 06740L600) were redeemed at 112.3, which includes an annualized call return of 14.76%.

The Bank of New York Mellon was the redemption agent.

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