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iPath Pure Beta S&P GSCI-Weighted ETN due on 4/18/2041
Ticker Symbol: SBV* CUSIP: 06740P122 Exchange: NYSEA
* NOTE: This security is no longer trading as of 4/12/18
Company's Online Profile
BUSINESS: iPath Pure Beta S&P GSCI-Weighted Exchange Traded Note (ETN) due on April 18, 2041 is issued by Barclays Bank PLC and is part of the Global Medium-Term Notes, Series A. INVESTMENT OBJECTIVE: The iPath Pure Beta S&P GSCI-Weighted ETN is linked to the Barclays Capital Pure Beta Series-2 TR Index and is designed to provide exposure to the returns potentially available through an unleveraged investment in futures contracts on the physical commodities comprising the S&P GSCI Total Return Index, (Reference Index), while mitigating the effects of certain distortions in the commodity markets on such returns through the application of the Index Methodology. INDEX DESCRIPTION: The Barclays Capital Pure Beta Series-2 TR Index is comprised of a basket of exchange traded futures contracts. However, unlike many commodity indices which roll their exposure to the corresponding futures contract on a monthly basis in accordance with a pre-determined roll schedule, the Index may roll into one of a number of futures contracts with varying expiration dates, as selected using the Barclays Capital Pure Beta Series 2 Methodology. The Barclays Capital Pure Beta Series 2 Methodology is not applied to certain precious metals commodities, and with respect to those commodities, the Index will roll monthly in accordance with the Reference Index's pre-determined roll schedule. The commodities represented in the Index are rebalanced monthly according to the weightings within the Reference Index; however, the weightings fluctuate between rebalancings due to changes in market prices. In addition the Index reflects the Treasury Bill rate of interest that could be earned on cash collateral invested in specified Treasury Bills. RETURNS AND MATURITY: This ETN held to maturity, April 18, 2041, will receive a cash payment per ETN equal to the applicable closing indicative value on the final valuation date for your ETNs. The closing indicative value per ETN on any given calendar day will be calculated in the following manner: The closing indicative value on the inception date will equal $50. On each subsequent calendar day until maturity or early redemption of the ETN closing indicative value of the ETN will equal (1) the closing indicative value on the immediately preceding calendar day times (2) the applicable daily index factor on such calendar day (or, if such day is not an index business day, one) minus (3) the applicable investor fee on such calendar day minus (4) the futures execution cost on such calendar day. An index business day is a day on which the Indices are calculated, as determined by the NYSE Euronext Holiday & Hours schedule. REDEMPTION AND FEES: Subject to the notification requirements described in the Prospectus, you may redeem your ETN on any redemption date during the term of the ETN. If you redeem your ETN, you will receive a cash payment in U.S. dollars per ETN on such date in an amount equal to the closing indicative value of your ETN on the applicable valuation date. You must redeem at least 50,000 ETNs of the same series at one time in order to exercise your right to redeem your ETNs on any redemption date. The investor fee for each series of ETNs on the inception date will equal zero. On each subsequent calendar day until maturity or early redemption of the relevant series of ETNs, the investor fee per ETN for a series of ETNs will be equal to (1) 0.75% times (2) the applicable closing indicative value on the immediately preceding calendar day times (3) the applicable daily index factor on that day. For further information on this ETN click on the Link to IPO Prospectus provided.
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Notes: January 11, 2018 -- Barclays announced that it plans to redeem in full 18 series of exchange traded notes on April 12, 2018 (the Redemption Date).
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IPO - 4/20/2011
Link to IPO Prospectus
Micro Cap Stock -
Market Value $ 4.4 Million
Yahoo News Summary for SBV*
YAHOO! Profile for SBV*
Yahoo Detailed Quote
MarketWatch Quote
MSN Company Report for SBV*
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Foreign Address and Phone Numbers |
| Address: 1 Churchill Place, London, E14 5HP United Kingdom |
| Main Phone Number |
*44-207-116-1000 |
| Inv Rel Phone Number
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*44-207-116-1000 |
| Address and Phone Numbers |
| U.S. Representative |
N.A. |
| Address: |
| Main Phone Number |
877-764-7284 |
| Fax Number |
Not Available |
| Investor Contact
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877-764-7284
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| Toll Free Phone Number |
877-764-7284 |
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