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Barclays suspends sales of iPath MSCI India Index ETNs


Barclays Bank has suspended any further sales from inventory and any further issuances of iPath MSCI India Index exchange-traded notes.

The notes trade on the NYSE Arca stock exchange under the ticker symbol INP.

The suspension may cause fluctuations in the trading value of the notes. Daily redemptions at the option of the holders of the notes will not be affected by this suspension. Barclays Bank’s lending activities from existing inventory with respect to the notes will also not be affected by this suspension.

Barclays Bank believes that the limitations on issuance and sale implemented may cause an imbalance of supply and demand in the secondary market for the notes, which may cause the notes to trade at a premium or discount in relation to their indicative value. Therefore, any purchase of the notes in the secondary market may be at a purchase price significantly different from their indicative value.

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