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|
|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:
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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