Barclays Bank PLC announced today that it plans to delist from the NYSE Arca exchange and suspend sales from inventory and further issuances of 16 series of exchange-traded notes, effective after the close of trading on April 12, 2018 (Delisting Date).
Barclays also announced that it plans to redeem in full 18 other series of exchange-traded notes on April 12, 2018 (Redemption Date).
The ETNs that Barclays plans to delist currently trade on NYSE Arca under the ticker symbols listed in the table below. After the close of trading on the Delisting Date, Barclays plans to suspend, until further notice, any further sales from inventory and any further issuances of each series of the ETNs to be delisted.
iPath MSCI India Index ETN (INP)
iPath Asian and Gulf Currency Revaluation ETN (PGD)
iPath CBOE S&P 500 BuyWrite IndexSM ETN (BWV)
iPath EUR/USD Exchange Rate ETN (ERO)
iPath GBP/USD Exchange Rate ETN (GBB)
iPath GEMS Asia 8 ETN (AYT)
iPath GEMS Index ETN (JEM)
iPath Global Carbon ETN (GRN)
iPath Inverse S&P 500 VIX Short-Term Futures ETN (XXV)
iPath JPY/USD Exchange Rate ETN (JYN)
iPath Long Enhanced MSCI EAFE Index ETN (MFLA)
iPath Long Enhanced MSCI EM Index ETN (EMLB)
iPath Long Extended Russell 1000 TR Index ETN (ROLA)
iPath Long Extended Russell 2000 TR Index ETN (RTLA)
iPath Long Extended S&P 500 TR Index ETN (SFLA)
iPath Optimized Currency Carry ETN (ICI)
Following the delisting, these ETNs will remain outstanding, though they will no longer be listed for trading on any national securities exchange. At such point, these ETNs may trade, if at all, on an over-the-counter basis, the secondary market for these ETNs may experience a significant drop in liquidity, and holders of these ETNs may not be able to trade or sell them easily.
The ETNs that Barclays plans to redeem pursuant to their terms currently trade on NYSE Arca under the ticker symbols listed in the table below.
iPath Pure Beta Agriculture ETN (DIRT)
iPath Pure Beta Aluminum ETN (FOIL)
iPath Pure Beta Cocoa ETN (CHOC)
iPath Pure Beta Coffee ETN (CAFE)
iPath Pure Beta Copper ETN (CUPM)
iPath Pure Beta Cotton ETN (CTNN)
iPath Pure Beta Energy ETN (ONG)
iPath Pure Beta Grains ETN (WEET)
iPath Pure Beta Industrial Metals ETN (HEVY)
iPath Pure Beta Lead ETN (LEDD)
iPath Pure Beta Livestock ETN (LSTK)
iPath Pure Beta Nickel ETN (NINI)
iPath Pure Beta Precious Metals ETN (BLNG)
iPath Pure Beta Softs ETN (GRWN)
iPath Pure Beta Sugar ETN (SGAR)
iPath Pure Beta S&P GSCI-Weighted ETN (SBV)
iPath Seasonal Natural Gas ETN (DCNG)
iPath Inverse S&P 500 VIX Short-Term FuturesTM ETN (II) (IVOP)
As described in the prospectus for each series of ETNs listed above, Barclays, as issuer of the ETNs, may redeem the ETNs in its sole discretion on any trading day on or after the inception date until maturity. Barclays anticipates that the redemption date of the ETNs will be April 12, 2018. Based on that redemption date, holders of each affected series of ETNs on the redemption date will receive a cash payment per ETN in an amount equal to the closing indicative note value or closing indicative value of that series of ETNs on April 5, 2018, which is the fifth business day prior to the redemption date.