Barclays Bank PLC announced today the quarterly coupon amount for the iPath ® S&P MLP ETNs (ticker: IMLP) (the “ETNs”).
The ETNs are linked to the performance of the consolidated Volume-Weighted Average Price level of the S&P MLP Index (the "Index"), and are 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. You are not guaranteed to receive coupon payments on the ETNs. You will receive a coupon payment on a coupon payment date only to the extent that the accrued dividend exceeds the accrued investor fee on the relevant coupon valuation date. Owning the ETNs is not the same as owning interests in the Index or a security directly linked to the performance of the Index.
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.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 August 15, 2014. Barclays is an international financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays’ purpose is to help people achieve their ambitions – in the right way. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. For further information about Barclays, please visit our website www.barclays.com. 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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