Barclays Bank PLC announced today the quarterly coupon amount for the iPath ® S&P MLP ETN (ticker: IMLP) (the “ETNs”).
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The iPath ® S&P MLP ETN is linked to the performance of the consolidated Volume-Weighted Average Price level of the S&P MLP Index (the "Index"), and is designed to pay a quarterly coupon. The Index is designed to provide exposure to leading partnerships that trade on major US exchanges and are classified in the GICS ® Energy Sector and GICS ® Gas Utilities Industry. The Index includes both master limited partnerships and publicly traded limited liability companies which have a similar legal structure to MLPs and share the same tax benefits as MLPs. Significant aspects of the tax treatment of the ETNs may be less favorable than a direct investment in MLPs and are uncertain.
An investment in iPath ETNs involves significant risks, including possible loss of principal, and may not be suitable for all investors. The ETNs are riskier than ordinary unsecured debt securities and have no principal protection. The ETNs are speculative and may exhibit high volatility. The ETNs are also subject to certain investor fees, which will have a negative effect on the value of the ETNs.
For more information regarding the ETNs, including the calculation of the coupon amount, see the prospectus relating to the ETNs. The prospectus relating to the ETNs can be found on EDGAR, the SEC website, at: www.sec.gov. The prospectus is also available on the product website at www.iPathETN.com.Barclays moves, lends, invests and protects money for customers and clients worldwide. With over 300 years of history and expertise in banking, we operate in over 50 countries and employ over 140,000 people. We provide large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Our clients also benefit from access to the breadth of expertise across Barclays. We’re one of the largest financial services providers in the world, and are also engaged in retail banking, credit cards, corporate banking, and wealth and investment management. Barclays offers premier investment banking products and services to its clients through Barclays Bank PLC. For more information, visit www.barclays.com. 1 Current Yield equals the current Coupon Amount annualized and divided by the relevant closing indicative value of the ETNs, rounded for ease of analysis. The relevant closing indicative value is the closing indicative value of the ETNs on November 15, 2013. Selected Risk Considerations An investment in any iPath ETNs linked to the S&P MLP Index (the “ETNs”) involves risks. Selected risks are summarized here, but we urge you to read the more detailed explanation of risks described under “Risk Factors” in the applicable prospectus supplement and pricing supplement.
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