Business: iPath CBOE S&P 500 BuyWrite Index Exchange Traded Note (ETN), due May 28, 2037, is issued by Barclays Bank PLC and is part of the Series A, Global Medium-Term Notes. INVESTMENT OBJECTIVE: The Barclays iPath CBOE S&P 500 BuyWrite Index ETN offers investors cost-effective exposure to the CBOE S&P 500 BuyWrite Index, commonly known as the BXM Index (the Index). INDEX DESCRIPTION: The BXM Index is designed to measure the total rate of return of a hypothetical buy-write, or covered call, strategy on the S&P 500 Index. This strategy consists of a hypothetical portfolio consisting of a long position indexed to the S&P 500 Index (i.e. purchasing the common stocks included in the S&P 500 Index) and the sale of a succession of one-month, at-the-money S&P 500 Index call options that are listed on the Chicago Board Options Exchange (CBOE). RETURNS AND MATURITY: The return on the Securities may be positive or negative, and is directly linked to the performance of the Index, which is based on a variety of market and economic factors, interest rates in the markets and economic, financial, political, regulatory, judicial or other events that affect the markets generally. If you hold your Securities to Maturity, May 28, 2037, you will receive a cash payment per ETN equal to the applicable closing indicative value on the applicable final valuation date, minus the investor fees on the final valuation date. REDEMPTION AND FEES: You may redeem your Securities on any redemption date during the term of the Securities. If you redeem your Securities, you will receive a cash payment in an amount equal to the daily redemption value, which is (1) the principal amount of your Securities times (2) the index factor on the applicable valuation date minus (3) the investor fee on the applicable valuation date. Issued in denominations of $50.00, you must redeem at least 50,000 Securities at one time and agree to the redemption procedures in order to exercise your right to redeem your Securities on any redemption date. The investor fee is equal to 0.75% per annum accrued on a daily basis. For calculations of fees and any further information on this ETN click on the Link to IPO Prospectus provided.