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Security Profile
- Security Type
- Common Stock
- CUSIP
- 06742C723
- Market Cap
- Small Cap · $257 Million
- IPO
- 3/12/2013
- Parent Company
- Barclays Bank plc ADR (BCS)
Business: Barclays ETN+ Select MLP ETNs, due 3/18/2043, are senior unsecured debt securities issued by Barclays Bank plc and do not offer principal protection. <p> INVESTMENT OBJECTIVE: The investment performance of these ETNs are linked to the performance of the Volume-Weighting Average Price ("VWAP") level of the CIBC Atlas Select MLP Index less the investor fee. The ETNs can be bought and sold on a U.S. securities exchange. Fluctuations in the market price of the ETNs versus the indicative value of the ETNs meant to approximate the intrinsic economic value of the ETNs can affect the investment results.<p> INDEX DESCRIPTION: The CIBC Atlas Select MLP Index is designed to provide exposure to a basket of midstream U.S. and Canadian master limited partnerships, limited liability companies and corporations that trade on major U.S. exchanges, are classified in the GICS Energy Sector or GICS Gas Utilities Industry according to the Global Industry Classification Standard and meet certain eligibility criteria, including long-term credit rating, the portion of cash flow driven by mid-stream operations and size as measured by free-float market capitalization and average daily trading value. <p> RETURNS AND MATURITY: The holder will receive an interest payment on each coupon payment date in U.S. dollars equal to the coupon amount on any coupon valuation date equal the greater of (i) zero and (ii)(1) the accrued dividend on such coupon valuation date minus (2) the accrued investor fee on such coupon valuation date. At maturity you will receive a cash payment equal to the principal amount of your Securities times the index factor on the final valuation date times the fee factor on the final valuation date. FEES: The investor fee is equal to 0.95% per annum accrued on a daily basis. <p> ETN CAUTIONS: These ETNs are debt obligations of Barclays Bank plc and payments you are entitled to receive on these ETNs are subject to the ability of the issuer to pay their obligations. The tax treatment of these ETNs is uncertain and you should consult your tax advisor for specific advice. <p> PROSPECTUS: Before investing in this exchange traded note (ETN), investors need to click on the Link to IPO Prospectus provided below and carefully study the prospectus to understand this difficult to understand and speculative security.
Company Contact
- Investor Relations
- etndesk@barclays.com