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Security Profile
- Security Type
- Common Stock
- CUSIP
- 06742A750
- Market Cap
- Micro Cap · $51 Million
- IPO
- 1/3/2013
- Parent Company
- Barclays Bank plc ADR (BCS)
Business: iPath S&P MLP ETN (Exchange Traded Notes), linked to the Volume-Weighting Average Price ("VWAP") level of the S&P MLP Index, are due on 12/15/2042, and are senior unsecured debt securities issued by Barclays Bank plc and do not offer principal protection. INVESTMENT OBJECTIVE: The investment performance of these ETNs are linked to the performance of the Volume-Weighting Average Price level of the S&P MLP Index less the investor fee. INDEX DESCRIPTION: The Index is designed to provide exposure to leading partnerships that trade on major U.S. exchanges and are classified in the GICS Energy Sector and GICS Gas Utilities Industry according to the Global Industry Classification Standard ("GICS"). It includes both master limited partnerships ("MLPs") and publicly traded limited liability companies which have a similar legal structure to MLPs. RETURNS AND MATURITY: The ETNs do not pay any interest during their term. The return on the ETNs are directly linked to the performance of the Index. At maturity or upon early redemption 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. The ETNs can be bought and sold on US stock markets to realize intermediate investment profits and losses. EARLY REDEMPTION: The issuer may redeem the ETNs (in whole but not in part) at their sole discretion on any trading day on or after the inception date until and including maturity. QUARTERLY PAYMENTS: You will receive an interest payment in cash per ETN on each coupon payment date in U.S. dollars equal to the coupon amount on the applicable coupon valuation date that will equal the accrued dividend on the coupon valuation date minus the accrued investor fee on such coupon valuation date. FEES: The investor fee is equal to 0.80% per annum accrued on a daily basis. ETN CAUTIONS: Fluctuations in the market price of the ETNs versus the indicative value of the ETNs can affect the investment results. 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. PROSPECTUS: Before investing in these exchange traded notes (ETNs), investors need to click on the Link to IPO Prospectus provided below and carefully study the prospectus to understand these difficult to understand and speculative securities.
Company Contact
- Headquarters
- 200 Park Avenue, New York, NY 10166
- Phone
- 212-412-4000 · Toll-Free 877-764-7284
- Fax
- 212-412-7300
- Investor Relations
- 212-412-4000 · etndesk@barclays.com