Barclays Bank PLC (“Barclays”) and OFI Global Asset Management, which consists of OppenheimerFunds, Inc. and certain of its advisory subsidiaries, announced today the planned launch of the Barclays OFI SteelPath MLP ETNs (the “ETNs”). Barclays plans to apply to list the ETNs on the NYSE Arca Stock Exchange (“NYSE Arca”) under the ticker symbol OSMS. If the application is approved, Barclays expects that the ETNs will begin trading on NYSE Arca on April 24, 2014. The ETNs will be linked to the Volume-Weighted Average Price (“VWAP”) of the Barclays OFI SteelPath Midstream MLP Index (the “Index”). An investment in the 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 also subject to certain investor fees, which will have a negative effect on the value of the ETNs. The ETNs are speculative and may exhibit high volatility. 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. The Index is designed to track the performance of a basket of direct interests in master limited partnerships and limited liability companies (collectively, the “Index Constituents”). The Index Constituents are selected for inclusion in the Index based on certain eligibility criteria, including distribution payment history, lower relative correlation to oil and natural gas prices, and size as measured by free-float market capitalization and average daily trading value. The Index’s focus on distribution growth and low commodity sensitivity incorporates key aspects of the OFI SteelPath Midstream MLP Strategy on which the Index is based. Owning the ETNs is not the same as owning interests in the Index Constituents or a security directly linked to the performance of the Index. The partnership combines OFI SteelPath’s experience and leadership within the energy infrastructure space with Barclays' strong brand and position in exchange-traded notes. The ETNs will offer investors exposure to the OFI SteelPath Midstream MLP Strategy, which expands OFI SteelPath’s footprint beyond mutual funds and separately managed accounts offered through the OFI Global Asset Management franchise.