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Security Profile
- Security Type
- Common Stock
- CUSIP
- 06740D830
- Market Cap
- Micro Cap · $39 Million
- IPO
- 9/10/2014
- Parent Company
- Barclays Bank plc ADR (BCS)
Business: Barclays Return on Disability ETNs (Exchange Traded Notes), linked to the Return on Disability US LargeCap ETN Total Return USD Index, are due on 9/17/2024, 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 Return on Disability US LargeCap ETN Total Return USD Index less the investor fee. INDEX DESCRIPTION: The Index uses a quantitative ranking methodology to measure a company’s publicly observable activities relating to people with disabilities across three key areas: talent, customer and productivity. This ranking methodology focuses on elements that have the potential to increase shareholder value in a company, such as using best practices for attracting and hiring candidates with disabilities, focusing on ‘ease of use’ features in products and services, and implementing productivity-focused process improvements driven by people with disabilities. The phrase "disability market" refers to the 1.3 billion people globally who face challenges across three general areas – dexterity, cognition or sensory abilities – as well as their friends and family. The Index notionally tracks the returns that may be available from investing in a basket of up to 100 stocks that are selected pursuant to the Return on Disability Binary Ranking, and meet certain market capitalization, trading volume and financial viability thresholds. 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. FEES: The investor fee is equal to 0.45% 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
- Investor Relations
- etndesk@barclays.com