Barclays Capital Launches Nine New iPath® Exchange Traded Notes Linked to Commodities on Deutsche Boerse

  • New iPath® ETNs linked to broad and sector commodity indices
  • iPath® ETNs provide more choice for European investors that want access to difficult-to-reach markets

Barclays Capital announced today the listing of nine new iPath® Exchange Traded Notes (“ETNs”) on XETRA, the European trading platform of Deutsche Boerse. The ETNs are linked to broad-based and sector commodities including agriculture, energy, grains, industrial metals, precious metals, livestock and softs.

“Following the launch of our European iPath® ETN platform in 2009, we are pleased to expand our offering with the listing of these nine commodity ETNs. The simple and transparent structure of the ETNs provides investors with a clear view on both performance and costs,” explains Uwe Becker, Managing Director, Head of Investor Solutions Europe, Barclays Capital. “This launch demonstrates Barclays Capital’s continued commitment to providing investors with access to difficult-to-reach markets, such as commodities.”

The iPath® ETNs have a 30-year maturity and are senior, unsecured, unsubordinated, callable, debt securities, issued by Barclays Bank PLC, linked to the performance of a market index. iPath® ETNs have a daily redemption right and investors can trade them on an exchange at market prices. The ETNs are designed to provide investors with convenient access to the returns of market benchmarks, less an investor fee.

Roger Jones, Managing Director and Co-Head of Global Commodities at Barclays Capital, commented: “Over the past five years, we have seen a significant increase in investor interest in commodities as an asset class. We estimate that there is currently over $250 billion of assets in commodity-linked products and we will continue to see growth. The key reason for investing in commodities is due to portfolio diversification, as well as an inflation hedge. Increasingly, there is demand from investors to gain access to commodities via transparent, low-cost and liquid instruments, which is exactly what iPath® ETNs offer."

This launch brings the total number of iPath® ETNs trading on the Deutsche Boerse to eleven. The two existing volatility-based iPath® ETNs are the iPath® S&P 500 VIX Short-Term FuturesTM ETN (VXIS) and iPath® S&P 500 VIX Mid-Term FuturesTM ETN (VXIM). The new ETNs will be listed in the ETC segment at Deutsche Boerse, Frankfurt.

- ENDS -


New Listed Products

iPath® Exchange Traded Note

Bloomberg Ticker

Total Expense Ratio (“TER”)

iPath® Dow Jones-UBS Commodity Index Total ReturnSM



iPath® S&P GSCI® Index Total Return



iPath® S&P GSCI® Agriculture Index Total Return



iPath® S&P GSCI® Energy Index Total Return



iPath® S&P GSCI® Grains Index Total Return



iPath® S&P GSCI® Industrial Metals Index Total Return



iPath® S&P GSCI® Livestock Index Total Return



iPath® S&P GSCI® Precious Metals Index Total Return



iPath® S&P GSCI® Softs Index Total Return



About iPath® ETNs and Barclays

iPath® ETNs are issued by Barclays Bank PLC. Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate banking, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 144,000 people. Barclays moves, lends, invests and protects money for over 49 million customers and clients worldwide.

For further information about iPath® ETNs, please visit our website www.iPathETN.eu
For further information about Barclays, please visit our website www.barclays.com

“Standard & Poor’s®”, “S&P®”, “S&P 500®”, “Standard & Poor’s 500”, “S&P 500 VIX Short-Term Futures™”, “S&P 500 VIX Mid-Term Futures™”, “S&P GSCI®”, “Dow Jones®”, “UBS®” and “Dow Jones-UBS Commodity Index Total ReturnSM” are trademarks or service marks of Standard & Poor’s (“S&P”), Dow Jones & Company, Inc (“Dow Jones”) or UBS Securities LLC (“UBS”) and have been licensed for use by Barclays. “VIX” is a registered trademark of the Chicago Board Options Exchange, Incorporated (“CBOE”) and has been licensed for use by S&P. The Securities are not sponsored, endorsed, sold or promoted by S&P, Dow Jones, UBS, the CBOE, Incorporated or any of their subsidiaries or affiliates. S&P, Dow Jones, UBS, the CBOE and their respective subsidiaries and affiliates make no representation, condition or warranty, express or implied, to the owners of the Securities or any member of the public regarding the advisability of investing in securities generally or in the Securities or in the ability of either index to track market performance.

© 2010 Barclays Bank PLC. All rights reserved. iPath, iPath ETNs and the iPath logo are registered trademarks of Barclays Bank PLC. All other trademarks, servicemarks or registered trademarks are the property, and used with the permission, of their respective owners.

For further information, please contact:

Phillippa-Jane Vermoter
Corporate Communications, Barclays Capital
+44 (0) 20 3134 0230

Barclays Capital - the investment banking division of Barclays Bank PLC. Registered in England 1026167. Registered office 1 Churchill Place, London, E14 5HP. Authorised and regulated by the Financial Services Authority and a member of the London Stock Exchange.