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Barclays to price up to $25 million iPath ETNs linked to Dow Jones - AIG Coffee
By Angela McDaniels
Tacoma, Wash., June 11 - Barclays Bank plc plans to price up to $25 million of 0% iPath exchange-traded notes due 2038 linked to the Dow Jones - AIG Coffee Total Return sub-index, according to a 424B3 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $50 plus the index return minus the investor fee. The investor fee is initially zero and increases each day by an amount equal to 0.75% of par plus the index return on that day divided by 365.
The notes will be putable at any time, subject to a minimum of 50,000 securities. The payout will be calculated in the same way as the payout at maturity.
The company said it will apply to list the notes on the NYSE Arca under the symbol "JO."
Barclays Capital Inc. will be the agent.
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