Barclays Bank PLC announced today the upcoming launch in early 2018 of the iPath Series B S&P 500 VIX Short-Term Futures ETNs (Ticker: VXXB) and the iPath Series B S&P 500 VIX Mid-Term Futures ETNs (Ticker: VXZB).
The New ETNs are proposed to be launched in advance of the upcoming scheduled maturity of the iPath S&P 500 VIX Short-Term Futures ETNs (Ticker: VXX) and the iPath S&P 500 VIX Mid-Term Futures ETNs (Ticker: VXZ).
The final redemption date of the Maturing ETNs is January 30, 2019 and both the New ETNs and the Maturing ETNs will trade in parallel until the final redemption date of the Maturing ETNs. The New ETNs will feature an investor fee of 0.89% per annum and will also be redeemable at the sole discretion of Barclays on any trading day on or after their inception until maturity. Barclays intends that each of the New ETNs will be issued with a closing indicative value on its initial valuation date that is equal to that of the corresponding Maturing ETNs on such date.