Barclays Bank PLC to De-List Nine Canada-Listed ETNs

By Business Wire,  May 15, 2014, 06:50:00 PM EDT


Barclays' nine cross-listed iPath® ETNs will cease to trade on the Toronto Stock Exchange, but continue to trade on the NYSE Arca Exchange

NEW YORK--(BUSINESS WIRE)-- Barclays Bank PLC ("Barclays") announced today that it has elected to de-list the following nine iPath® exchange traded notes (ETNs) from the Toronto Stock Exchange (TSX):

           
Name of ETN TSX Ticker NYSE Arca Ticker CUSIP
iPath® CBOE S&P 500 BuyWrite IndexSM ETN BWV BWV 06739F135
iPath® EUR/USD Exchange Rate ETN ERO ERO 06739F184
iPath® GBP/USD Exchange Rate ETN GBX GBB 06739F176
iPath® JPY/USD Exchange Rate ETN JYN JYN 06739G851
iPath® Optimized Currency Carry ETN II ICI 06739H412
iPath® S&P 500 VIX Mid-Term Futures™ ETN VXZ VXZ 06740C519
iPath® S&P 500 VIX Short-Term Futures™ ETN VXX VXX 06742E711
iPath® US Treasury Flattener ETN FFL FLAT 06740L485
iPath® US Treasury Steepener ETN SST STPP 06740L477
 

The ETNs will continue to trade on the NYSE Arca Exchange after they have been de-listed from the TSX. The final trading date on the TSX will be May 26, 2014, and the ETNs will be de-listed after the close of trading on such date.

"Investors have shown a preference for trading U.S. dollar-denominated ETNs on a U.S. exchange," said Ian Merrill, Head of ETNs, Americas. "As a result, we have voluntarily taken the decision to de-list all nine of our iPath ETNs from the Toronto Stock Exchange later this month. The ETNs will continue to be listed on NYSE Arca."

Barclayspreviously announced it was redeeming its Canadian-dollar denominated iPath ETNs.

The CBOE S&P 500 BuyWrite IndexSM (the "Index") is a product of Chicago Board Options Exchange, Incorporated ("CBOE"). CBOE® and BuyWrite™ are trademarks of CBOE. S&P® and S&P 500® are trademarks of Standard & Poor's Financial Services LLC ("SPFS"). The Index and the related trademarks have been licensed to S&P Dow Jones Indices LLC ("SPDJI") and its affiliates, and sublicensed to Barclays Bank PLC for certain purposes. The ETNs are not sponsored, endorsed, sold or promoted by SPDJI, SPFS, CBOE, or any of their respective affiliates (collectively, "S&P Dow Jones Indices and CBOE"). S&P Dow Jones Indices and CBOE do not make any representation or warranty, express or implied, to the owners of the securities or any member of the public regarding the advisability of investing in securities generally or in the ETNs particularly or the ability of the Index to track general market performance.

The S&P 500 VIX Futures Indices are products of S&P Dow Jones Indices LLC ("SPDJI"). S&P®, S&P 500®, S&P 500 VIX Short-Term Futures™ and S&P 500 VIX Mid-Term Futures are trademarks of Standard & Poor's Financial Services LLC ("SPFS"). VIX® is a registered trademark of Chicago Board Options Exchange, Incorporated ("CBOE"). These trademarks have been licensed to S&P Dow Jones Indices LLC ("SPDJI") and its affiliates, and sublicensed to Barclays Bank PLC for certain purposes. The ETNs are not sponsored, endorsed, sold or promoted by SPDJI, SPFS, CBOE or any of their respective affiliates (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices does not make any representation or warranty, express or implied, to the owners of the ETNs or any member of the public regarding the advisability of investing in securities generally or in the ETNs particularly or the ability of the Index to track general market performance.

"Barclays US Treasury 2Y/10Y Yield Curve IndexTM", "Barclays Optimized Currency Carry IndexTM"and the "USD Optimized Currency Carry IndexTM" are trademarks of Barclays Bank PLC.

© 2014 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.

Barclays is a major global financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management with an extensive international presence in Europe, the Americas, Africa and Asia. Barclays' purpose is to help people achieve their ambitions - in the right way. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 140,000 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.

Source: Barclays Bank PLC



This article appears in: News Headlines

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