Barclays Resumes Further Issuances and Sales of Certain iPath® ETNs
Barclays Bank announces the resumption of issuances and sales for several iPath® ETNs effective August 1, 2022. This follows a previous suspension of these ETNs starting April 28, 2022. The resumption is part of a broader strategy to manage supply and demand fluctuations, potentially impacting trading values. Investors should be aware of the risks including market value fluctuations and potential losses if ETNs are redeemed at unfavorable times.
- Resumption of issuances and sales for iPath ETNs may enhance liquidity.
- Market value fluctuations could benefit traders anticipating demand.
- Potential losses for investors due to premiums over indicative values.
- Market and volatility risks remain high; ETNs lack principal protection.
|
Ticker |
Exchange |
CUSIP |
iPath® Bloomberg Commodity Index Total ReturnSM ETN |
DJP |
NYSE Arca |
06738C778 |
iPath® Shiller CAPE™ Index ETN |
CAPD |
NYSE Arca |
06742A669 |
iPath® Select MLP ETN |
ATMP |
CBOE BZX |
06742C723 |
iPath® Series B Bloomberg Copper Subindex Total ReturnSM ETN |
JJC |
NYSE Arca |
06746P555 |
iPath® Series B Bloomberg Coffee Subindex Total ReturnSM ETN |
JO |
NYSE Arca |
06746P563 |
iPath® Series B Bloomberg Grains Subindex Total ReturnSM ETN |
JJG |
NYSE Arca |
06746P522 |
iPath® Series B S&P 500® VIX Mid-Term FuturesTM ETNs |
VXZ |
CBOE BZX |
06746P613 |
iPath® Series B Bloomberg Nickel Subindex Total ReturnSM ETN |
JJN |
NYSE Arca |
06746P480 |
iPath® Pure Beta Broad Commodity ETN |
BCM |
NYSE Arca |
06740P114 |
iPath® S&P GSCI® Total Return Index ETN |
GSP |
NYSE Arca |
06738C794 |
Pacer® iPath® Gold ETN |
GBUG |
NYSE Arca |
06747D809 |
iPath® Series B Bloomberg Cotton Subindex Total ReturnSM ETN |
BAL |
NYSE Arca |
06746P548 |
iPath® Series B Bloomberg Tin Subindex Total ReturnSM ETN |
JJT |
NYSE Arca |
06746P431 |
iPath® Series B Bloomberg Sugar Subindex Total ReturnSM ETN |
SGG |
NYSE Arca |
06746P449 |
iPath® Series B Bloomberg Agriculture Subindex Total ReturnSM ETN |
JJA |
NYSE Arca |
06746P589 |
iPath® Series B Bloomberg Industrial Metals Subindex Total ReturnSM ETN |
JJM |
NYSE Arca |
06746P514 |
iPath® Bloomberg Cocoa Subindex Total ReturnSM ETN |
NIB |
NYSE Arca |
06739H313 |
iPath® Series B Bloomberg Aluminum Subindex Total ReturnSM ETN |
JJU |
NYSE Arca |
06746P571 |
iPath® Series B Bloomberg Livestock Subindex Total ReturnSM ETN |
COW |
NYSE Arca |
06746P498 |
iPath® Series B Bloomberg Softs Subindex Total ReturnSM ETN |
JJS |
NYSE Arca |
06746P456 |
iPath® Silver ETN |
SBUG |
NYSE Arca |
06747D700 |
iPath® S&P MLP ETN |
IMLP |
CBOE BZX |
06742A750 |
iPath® Series B Bloomberg Precious Metals Subindex Total ReturnSM ETN |
JJP |
NYSE Arca |
06746P464 |
iPath® Series B Bloomberg Platinum Subindex Total ReturnSM ETN |
PGM |
NYSE Arca |
06746P472 |
Barclays Women in Leadership ETN |
WIL |
CBOE BZX |
06742W430 |
Barclays Return on Disability ETN |
RODI |
CBOE BZX |
06740D830 |
iPath® Bloomberg Lead Subindex Total ReturnSM ETN |
LD |
NYSE Arca |
06739H263 |
The market value of the Resumed ETNs may be influenced by, among other things, the levels of supply and demand for such Resumed ETNs. Recently, a premium or discount, as the case may be, has developed in the trading price of certain series of Resumed ETNs in relation to the intraday indicative value of such series. It is possible that this reopening of sales and issuances, or the announcement thereof, may influence the trading price of the Resumed ETNs or cause the premium or discount to decrease or to no longer be present, though it is not possible to predict such impact. In particular, if an investor paid a premium purchase price over the indicative value of the Resumed ETNs, it could lead to significant losses in the event an investor sells Resumed ETNs at a time when such premium is no longer present in the marketplace or if
For each series of iPath® ETNs listed in the table below (the “Suspended ETNs” and, together with the Resumed ETNs, the “ETNs”),
Following the suspension of the Suspended ETNs, a premium or discount has developed in the trading price of certain of these Suspended ETNs in relation to their indicative value. The continued suspension of sales may further influence the market value of the Suspended ETNs and may cause further premiums or discounts to develop.
|
Ticker |
Exchange |
CUSIP |
iPath® Series B S&P 500® VIX Short-Term FuturesTM ETN |
VXX |
CBOE BZX |
06747R477 |
iPath® Pure Beta Crude Oil ETN |
OIL |
NYSE Arca |
06740P221 |
Pacer® iPath® Gold Trendpilot ETN |
PBUG |
NYSE Arca |
06747T382 |
iPath® Series B Bloomberg Natural Gas Subindex Total ReturnSM ETN |
GAZ |
NYSE Arca |
06745T368 |
iPath® Series B Carbon ETN |
GRN |
NYSE Arca |
06747C322 |
iPath® Series B Bloomberg Energy Subindex Total ReturnSM ETN |
JJE |
NYSE Arca |
06746P530 |
The pricing supplement and prospectus relating to each series of ETNs can be found on EDGAR, the
An investment in the ETNs involves significant risks and may not be suitable for all investors. The ETNs are riskier than ordinary unsecured debt securities and do not benefit from any principal protection. For more information on risks associated with the ETNs, please see “Selected Risk Considerations” below and the risk factors included in the relevant pricing supplement.
-
Financial advisors: Directly contact
Barclays Bank at etndesk@barclays.com or 1-212-528-7990 to obtain further information. - Individual investors: Instruct your broker/advisor/custodian to email us at etndesk@barclays.com or to call us at: 1-212-528-7990. You may call in together with your broker/advisor/custodian or have them speak to us on your behalf.
About Barclays
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a full-service corporate and investment bank. For further information about Barclays, please visit our website www.barclays.com.
Selected Risk Considerations
An investment in the ETNs described herein involves risks. Selected risks are summarized here, but we urge you to read the more detailed explanation of risks described under “Risk Factors” in the applicable prospectus supplement and pricing supplement.
You May Lose Some or All of Your Principal: The ETNs are exposed to any change in the level of the underlying index, or the Volume Weighted Average Price (“VWAP”) level, in the case of the iPath® S&P MLP ETN, between the inception date and the applicable valuation date. Additionally, if the level of the underlying index or the VWAP level is insufficient to offset the negative effect of the investor fee and other applicable costs, you will lose some or all of your investment at maturity or upon redemption, even if the value of such index or the VWAP level has increased or decreased, as the case may be. Because the ETNs are subject to an investor fee and other applicable costs, the return on the ETNs will always be lower than the total return on a direct investment in the index components. The ETNs are riskier than ordinary unsecured debt securities and have no principal protection.
Credit of
Issuer Redemption: If specified in the applicable prospectus,
Market and Volatility Risk: The market value of the ETNs may be influenced by many unpredictable factors and may fluctuate between the date you purchase them and the maturity date or redemption date. You may also sustain a significant loss if you sell your ETNs in the secondary market. Factors that may influence the market value of the ETNs include prevailing market prices of the commodity markets, the
A
No Interest Payments from the ETNs: You may not receive any interest payments on the ETNs.
Restrictions on the Minimum Number of ETNs and Date Restrictions for Redemptions: Except as specified in the pricing supplement, you must redeem at least the minimum number of ETNs specified in the pricing supplement at one time in order to exercise your right to redeem your ETNs on any redemption date. You may only redeem your ETNs on a redemption date if we receive a notice of redemption from you by certain dates and times as set forth in the pricing supplement.
Uncertain Tax Treatment: Significant aspects of the tax treatment of the ETNs are uncertain. You should consult your own tax advisor about your own tax situation.
The ETNs may be sold throughout the day on the exchange through any brokerage account. Commissions may apply and there are tax consequences in the event of sale, redemption or maturity of ETNs. Sales in the secondary market may result in significant losses.
© 2022
NOT FDIC INSURED · NO BANK GUARANTEE · MAY LOSE VALUE |
View source version on businesswire.com: https://www.businesswire.com/news/home/20220725005471/en/
Press:
+1 212 526 1472
Ann.Thielke@barclays.com
Source:
FAQ
What is the significance of Barclays Bank's announcement regarding iPath ETNs?
How might this resumption affect the trading of Barclays iPath ETNs (Ticker: WIL)?