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
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:
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.