Barclays: Split or reverse split possible for iPath S&P 500 VIX ETNs

By Angela McDaniels

Tacoma, Wash., Dec. 14 - Barclays Bank plc plans to carry out a one-for-four reverse split of its iPath S&P 500 VIX Short-Term Futures exchange-traded notes or iPath S&P 500 VIX Mid-Term Futures ETNs if the indicative value of the notes closes below $25, according to an FWP filing with the Securities and Exchange Commission.

If the notes close above $400, the company plans to initiate a four-for-one split.

The Short-Term Futures notes closed at $38.10 (NYSE Arca: VXX) on Friday, and the Mid-Term Futures notes closed at $82.96 (NYSE Arca: VXZ).

The par value of the notes is $100.00.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.