Business: iPath Global Carbon ETN, formerly known as Barclays Bank iPath Global Carbon Exchange Traded Note (ETN), due June 24, 2038, are issued by Barclays Bank PLC and are unsecured debt obligations of the issuer, Barclays Bank PLC. INVESTMENT OBJECTIVE: The iPath Global Carbon ETN is designed to provide investors with cost-effective exposure to the Barclays Capital Global Carbon Index Total Return. INDEX DESCRIPTION: The Barclays Capital Global Carbon Index Total Return is designed to measure the performance of the most liquid carbon-related credit plans and is designed to be an industry benchmark for carbon investors. Each carbon-related credit plan included in the Index is represented by the most liquid instrument available in the marketplace. The Index expects to incorporate new carbon-related credit plans as they develop around the world. The Index currently includes two carbon-related credit plans: European Union Emission Trading Scheme or EU ETS Phase II and Kyoto Protocol's Clean Development Mechanism. The Index Components currently included in the Index are futures contracts that trade on the European Climate Exchange (ECX). The allocations of the Index are adjusted on an annual basis (the absolute value of each allocation, expressed as a percentage of the absolute value of the aggregate allocations of the Index in any period, being referred to as a weight. We refer to this process as rebalancing or reweighting. The performance of the Index for any period reflects the performance of all of the Index Components included in the Index for that period, including any collateral return. The Index is maintained and calculated by Barclays Capital (the index sponsor), a division of Barclays Bank PLC. 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, June 24, 2038, you will receive a cash payment at maturity equal to (1) the principal amount of your Securities times (2) the index factor on the final valuation date minus (3) the investor fee 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 $100, 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 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.