Barclays Bank PLC ("Barclays") announced today that effective after the close of trading November 18, 2016 it will suspend, until further notice, any further sales from inventory and any further issuances of iPath ® S&P GSCI ® Crude Oil Total Return Index ETNs ("ETNs"). The notes trade on the NYSE Arca stock exchange under the ticker symbol "OIL". The Index underlying the ETNs is the S&P GSCI ® Crude Oil Total Return Index (the "Index"), with Bloomberg ticker SPGSCLTR. In addition, Barclays will waive the minimum early redemption size of 50,000 ETNs with respect to the valuation date occurring on each Wednesday (or, if such calendar day is not a trading day, the trading day immediately thereafter). The minimum early redemption size for any other day of the month will remain at 50,000 ETNs. This change will be effective after the close of trading on November 18, 2016 and will be effective for the next three years ending on and including November 20, 2019 unless extended by Barclays at its sole discretion. The obligation of Barclays to accept any early redemption of ETNs is subject to the procedures set forth in the section "Specific Terms of the ETNs—Early Redemption Procedures" in the prospectus relating to the ETNs. These procedures include delivering a notice of redemption and signed confirmation to Barclays prior to the relevant valuation date within the time frames set forth in the prospectus and instructing the DTC custodian at which the ETNs are held to book and settle a delivery vs. payment trade with respect to the ETNs. Barclays has also announced the listing of a new ETN (the "New ETNs") (Ticker:OILB) linked to the same Index. The New ETNs will offer a similar exposure as the existing ETNs, but will include certain differences, including a reduced investor fee and an issuer redemption feature. Please refer to the associated press release for more details.