This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Barclays Bank PLC To Redeem Three Canada-Listed ETNs

Barclays Bank PLC (“Barclays”) announced today the redemption price for each of the three Toronto Stock Exchange-listed iPath ® exchange traded notes (ETNs) that Barclays previously announced that it will redeem on May 23, 2014 (the “redemption date”).

As described in the prospectus and related pricing supplement for each ETN (together, the “prospectus”), holders of the ETNs on the redemption date will receive a cash payment per equal to the redemption price, which is the closing indicative value of the ETN on May 15, 2014, which is the valuation date that is five business days prior to the redemption date. Please refer to the prospectus relating to each issue of ETNs for a description of how the closing indicative value was calculated after notice of issuer redemption of the ETNs was provided.

The redemption price for each of the three ETNs as determined on May 15, 2014 is as follows:

ETN     Redemption Price
iPath ® S&P 500 VIX Short-Term Futures™ CAD Hedged ETN (ticker: VIX)     $6.69
iPath ® S&P 500 Dynamic VIX CAD Hedged ETN (ticker: DVX)     $27.07
iPath ® Pure Beta Crude Oil CAD Hedged ETN (ticker: PBO)     $49.11

An investment in the ETNs involves significant risks and may not be suitable for all investors. For more information on risks associated with the ETNs, please see "Selected Risk Considerations" below and the risk factors included in the relevant prospectus.

For more information regarding the issuer redemption, including how the amount paid on the redemption date is determined, see the prospectus relating to each of the ETNs under the heading “Specific Terms of the ETNs - Payment Upon Holder Redemption and Issuer Redemption.” The prospectus relating to each of the ETNs can be found on SEDAR at: www.sedar.com.

Selected Risk Considerations

An investment in the iPath ETNs described herein (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.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs