Barclays Announces the Transfer of Primary Listing for Sixteen iPath® Exchange Traded Notes
April 29 2019 - 5:00PM
Business Wire
Barclays Bank PLC announced today that it plans to transfer the
primary listing venue for 16 iPath® Exchange Traded Notes (the
“ETNs”) to the Cboe Global Markets. The affected ETNs are:
Ticker ETN
Name CUSIP
Current Listing
Venue
New Listing
Venue
TAPR Barclays Inverse US Treasury Composite
ETN 06742W570 NASDAQ
Cboe STPP iPath® US
Treasury Steepener ETN 06740L477
NASDAQ Cboe FLAT
iPath® US Treasury Flattener ETN 06740L485
NASDAQ Cboe DTUL
iPath® US Treasury 2-year Bull ETN
06740L469 NASDAQ
Cboe DTUS iPath® US Treasury 2-year Bear ETN
06740L519 NASDAQ
Cboe DFVL iPath® US Treasury
5-year Bull ETN 06740P650
NASDAQ Cboe DFVS iPath®
US Treasury 5-year Bear ETN 06740P643
NASDAQ Cboe DTYL
iPath® US Treasury 10-year Bull ETN
06740L493 NASDAQ Cboe
DTYS iPath® US Treasury 10-year Bear ETN
06740L451 NASDAQ
Cboe DLBS iPath® US Treasury
Long Bond Bear ETN 06740L444
NASDAQ Cboe VQT
Barclays ETN+ VEQTOR ETN 06740C337
NYSE Arca Cboe WIL
Barclays Women in Leadership ETN
06742W430 NYSE Arca Cboe
RODI Barclays Return On Disability ETN
06740D830 NYSE Arca
Cboe XVZ iPath® S&P 500
Dynamic VIX ETN 06741L609
NYSE Arca Cboe IMLP
iPath® S&P MLP ETN 06742A750
NYSE Arca Cboe ATMP
Barclays ETN+ Select MLP ETN 06742C723
NYSE Arca Cboe
The first day of trading for these ETNs on the Cboe is expected
to be on or about May 13, 2019.
The ETNs are currently listed on NYSE Arca or the NASDAQ Stock
Market. Barclays Bank PLC has notified NYSE Arca and the NASDAQ
Stock Market that it intends to voluntarily withdraw the ETNs from
listing on those exchanges. Barclays Bank PLC expects to file a
Form 25 with the Securities and Exchange Commission on the 10th day
following the date hereof.
Following the transfer of listing, these ETNs will utilize the
Cboe as their primary listing venue.
The prospectuses for the ETNs to which this communication
relates can be found at:
http://www.ipathetn.com/STPPprospectushttp://www.ipathetn.com/FLATprospectushttp://www.ipathetn.com/DTULprospectushttp://www.ipathetn.com/DTUSprospectushttp://www.ipathetn.com/DFVLprospectushttp://www.ipathetn.com/DFVSprospectushttp://www.ipathetn.com/DTYLprospectushttp://www.ipathetn.com/DTYSprospectushttp://www.ipathetn.com/DLBSprospectushttp://www.etnplus.com/TAPRprospectushttp://www.etnplus.com/VQTprospectushttp://www.etnplus.com/RODIprospectushttp://www.etnplus.com/WILprospectushttp://www.etnplus.com/ATMPprospectushttp://www.ipathetn.com/IMLPprospectus
About Barclays
Barclays is a transatlantic consumer and wholesale bank offering
products and services across personal, corporate and investment
banking, credit cards and wealth management, with a strong presence
in our two home markets of the UK and the US.
With over 325 years of history and expertise in banking,
Barclays operates in over 40 countries and employs approximately
83,500 people. Barclays moves, lends, invests and protects money
for customers and clients worldwide.
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 decrease in the level of the underlying index
between the inception date and the applicable valuation date.
Additionally, if the level of the underlying index 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 has
increased. Because the ETNs are subject to an investor fee and any
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 Barclays Bank PLC: The ETNs are unsecured debt
obligations of the issuer, Barclays Bank PLC, and are not, either
directly or indirectly, an obligation of or guaranteed by any third
party. Any payment to be made on the ETNs, including any payment at
maturity or upon redemption, depends on the ability of Barclays
Bank PLC to satisfy its obligations as they come due. As a result,
the actual and perceived creditworthiness of Barclays Bank PLC will
affect the market value, if any, of the ETNs prior to maturity or
redemption. In addition, in the event Barclays Bank PLC were to
default on its obligations, you may not receive any amounts owed to
you under the terms of the ETNs.
A Trading Market for the ETNs May Not Develop: Although
the ETNs are currently listed on a national securities exchange, a
trading market for the ETNs may not develop and the liquidity of
the ETNs may be limited, as we are not required to maintain any
listing of the ETNs.
No Interest Payments from the ETNs: You will not receive
any interest payments on the ETNs.
Restrictions on the Minimum Number of ETNs and Date
Restrictions for Redemptions: You must redeem at least 20,000,
25,000 or 50,000 (depending on the series) ETNs of the same series
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 product prospectus. Notwithstanding
the foregoing, beginning after the close of trading on September 4,
2018, Barclays Bank PLC has waived the minimum redemption amount
with respect to certain of these ETNs so that you may exercise your
right to redeem your ETNs on any redemption date with no minimum
amount. This waiver of the minimum redemption amount will be
available to any and all holders of the ETNs on such early
redemption dates and will remain in effect until Barclays Bank PLC
announces otherwise. Please review the prospectuses provided in the
links above for further details.
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.
© 2019 Barclays Bank PLC. All rights reserved. iPath, iPath ETNs
and the iPath logo are registered trademarks of Barclays Bank PLC.
All other trademarks, servicemarks or registered trademarks are the
property, and used with the permission, of their respective
owners.
NOT FDIC INSURED · NO BANK GUARANTEE ·
MAY LOSE VALUE
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version on businesswire.com: https://www.businesswire.com/news/home/20190429005820/en/
Press:Brittany Berliner+1 212 526
4894brittany.berliner@barclays.com
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