Barclays Bank has announced the automatic redemption of the iPath Short Enhanced MSCI Emerging Markets Index Exchange Traded Note (EMSA).
The ETN is being redeemed as the result of an automatic termination event occurring on 8 June, 2017, 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 trading day is equal to or less than the automatic termination level of USD45.00.
Holders of the ETNs on the automatic redemption date, which is the fifth business day following the automatic termination date, will receive a cash payment equal to the automatic redemption value.
