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Security Profile
- Security Type
- Common Stock
- CUSIP
- 06738C794
- Market Cap
- Small Cap · $117 Million
- IPO
- 6/6/2006 · $$50.00/share
- Parent Company
- Barclays Bank plc ADR (BCS)
Business: Barclays iPath S&P GSCI Total Return Index Exchange Traded Note (ETN) due on June 12, 2036 is issued by Barclays Bank PLC and is part of the Series A, Global Medium-Term Notes. INVESTMENT OBJECTIVE: The Barclays iPath S&P GSCI TR Index ETN is designed to provide investors with cost-effective exposure to broad based commodities measured by the S&P GSCI Total Return Index (the Index). INDEX DESCRIPTION: The S&P GSCI Total Return Index provides exposure to the returns potentially available through an unleveraged investment in the contracts comprising the S&P GSCI plus the Treasury Bill rate of interest that could be earned on funds committed to the trading of the underlying contracts. 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 12, 2036, you will receive a cash payment per ETN equal to the applicable closing indicative value on the applicable final valuation date, minus 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 $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.
Company Contact
- Investor Relations
- ipathetn@blackrock.com