Bringing you live news and features since 2006 

Barclays Bank to automatically redeem iPath Long Enhanced S&P 500 VIX Mid-Term Futures ETN

RELATED TOPICS​

Barclays Bank has announced the automatic redemption of its iPath Long Enhanced S&P 500 VIX Mid-Term Futures exchange-traded notes.



The ETNs are being redeemed as the result of an automatic termination event occurring on 5 October 2012, the automatic termination date. As described in the prospectus, an automatic termination event occurs when the intraday indicative note value of the ETNs on any valuation date is equal to or less than the automatic termination level of USD10.00.

Holders of the ETNs on the automatic redemption date, 15 October, will receive a cash payment equal to the automatic redemption value.

Closing indicative value of the ETNs on the automatic termination date (which will not be greater than USD10.00 for each ETN, and will not be less than USD0 per ETN).

Latest News

Despite a small contraction in assets caused by a complex market and macroeconomic scenario in Europe and at the global..
State Street Global Advisors, the asset management business of State Street Corporation, has published the results of its Gold ETF..
HANetf has announced that Sprott Uranium Miners UCITS ETF (URNM) has reached USD108.18 million AUM for the first time since..

Related Articles

Europe’s thematic ETF provider, Rize ETF, has been acquired by ARK Invest LLC, the parent of ARK Investment Management LLC,...
Jeff Ringdahl, Resolute Investment Management
End of August saw the launch of alternatives firm Man Group’s first ETF, using its AHL systematic trading system to...
Arne Noack, DWS
July saw the launch of DWS Group’s Xtrackers US Green Infrastructure Select Equity ETF (NASDAQ: UPGR) designed to offer both...
Alex Morris, F/m Investments
F/m Investments LLC, a wholly owned subsidiary of Diffractive Managers Group, LLC, has taken quite another route with its exemptive...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by