Barclays Bank PLC (“Barclays”) announced today the automatic redemption of its Barclays ETN+ Short B Leveraged Exchange Traded Notes (ticker: BXDB) (the “Securities”). The Securities are being redeemed as the result of a stop loss termination event occurring on April 4, 2014, the stop loss termination date. As described in the prospectus, a stop loss termination event occurs when the intraday indicative note value on any index business day prior to or on the final valuation date is less than or equal to 10.0% of the principal amount per Security, or $10.00 for each Security. Details of the stop loss termination event are below.
Stop Loss Termination Date:
April 4, 2014
Time of Stop Loss Termination Event:
9:33 a.m. EST
Automatic Termination Level:
Holders of the Securities on the stop loss redemption date, which is the fifth business day following the stop loss termination date, will receive a cash payment equal to the stop loss redemption value.
Stop Loss Redemption Date:
April 11, 2014
Stop Loss Redemption Value:
An investment in the Securities involves significant risks and may not be suitable for all investors.For more information on risks associated with the Securities, please see "Selected Risk Considerations" below and the risk factors included in the relevant prospectus. For more information regarding the stop loss termination event, including how the stop loss redemption value is determined, see the prospectus relating to the Securities under the heading “Specific Terms of the Securities - Stop Loss Termination Event.” The prospectus relating to the Securities can be found on EDGAR, the SEC website, at: www.sec.gov. The prospectus is also available on the product website at www.barx-is.com. Selected Risk Considerations An investment in the Securities 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.