Barclays announces execution of supplemental indenture for select iPath® Commodities ETNs

Barclays Bank PLC announced that it has entered into a supplemental indenture (the “Supplemental Indenture”) effectively amending the terms of the four iPath® Commodities Exchange-Traded Notes ....


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set forth in the table below.

The execution of the Supplemental Indenture follows the announcement made on April 1, 2015 that Barclays had received the consents to make the proposed amendments described below from holders of a majority in aggregate principal amount of each of the four issues of ETNs listed in the table below.

Barclays has declared the effectiveness of the Proposed Amendment for these four series of ETNs as of April 30, 2015 . In addition to entering into the Supplemental Indenture, Barclays has filed amended pricing supplements dated as of April 30, 2015, which reflect the Amendment for such issues of ETNs.

As stated in the announcement by Barclays on April 1, 2015, the Consent Solicitation concluded for all series of iPath ETNs as of 5:00 pm, New York City time, on March 31, 2015, at which time it was determined that the Proposed Amendment would not be made with respect to the remaining issues of ETNs for which the Required Consents were not received.

The ETNs for which the Amendment is now effective are listed in the table below, along with the respective NYSE Arca ticker symbols and CUSIP numbers:

Name of ETN Ticker Symbol CUSIP

iPath® Bloomberg Commodity Index Total ReturnSM ETN DJP 06738C778
iPath® Bloomberg Cocoa Subindex Total ReturnSM ETN NIB 06739H313
iPath® Bloomberg Lead Subindex Total ReturnSM ETN LD 06739H263
iPath® S&P GSCI® Total Return Index ETN GSP 06738C794

As of the Amendment Effective Date, the terms of the four series of ETNs have been amended and Barclays now has the following unqualified rights:

• the right to redeem all, but not less than all, of the outstanding ETNs of that issue of ETNs, prior to maturity, on the terms described in the Consent Solicitation Statements; and

• the right to initiate a split or reverse split of the ETNs of that issue on the terms described in the Consent Solicitation Statements.

In addition, the terms of these four issues have been amended as follows:

• the investor fee for that issue of ETNs has been reduced during the period beginning the day after April 30, 2015 until the redemption date, if after April 30, 2015, or the maturity date of that issue of ETNs. The reduced investor fee will be an amount equal to 0.70% per annum times the principal amount of a holder’s ETNs times the relevant index factor, calculated on a daily basis. The current investor fee is an amount equal to 0.75% per annum times the principal amount of a holder’s ETNs times the relevant index factor, calculated on a daily basis.

• the minimum number of ETNs of that issue required to be redeemed for a holder to exercise its right to redeem ETNs of such issue prior to maturity will be reduced from 50,000 ETNs to 30,000 ETNs.

Source: ETFWorld.com

WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)


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