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Barclays redeems all $1.2 million reverse convertibles on Wells Fargo
By Marisa Wong
Madison, Wis., Sept. 5 - Barclays Bank plc said it redeemed in full its $1.2 million of outstanding single observation quarterly callable reverse convertible notes due Dec. 5, 2013 linked to Wells Fargo & Co. shares.
The notes (Cusip: 06741JF46) were redeemed on Sept. 5 at par plus accrued interest to the redemption date. Prior to redemption, the coupon was equal to 12.7% per year.
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