Barclays plans iPath bull notes tied to 10-year Treasury futures index

By Susanna Moon

Chicago, Aug. 6 - Barclays Bank plc plans to price iPath U.S. Treasury 10-year Bull exchange-traded notes due 2020 based on the Barclays Capital 10Y US Treasury Futures Targeted Exposure index, according to 424B3 filings with the Securities and Exchange Commission.

The notes will price at par of $50.

The payout at maturity will be based on a participation rate of $0.10 gain or loss per each 1 point increase or decrease, respectively, in the index plus the income accrued from a notional investment of the value of the ETNs at the 28-day U.S. Treasury Bill rate, less costs and fees of 0.75%.

The notes are putable.

The index seeks to capture returns available from purchasing 10-year U.S. Treasury notes through a notional rolling investment in 10-year U.S. Treasury note futures contracts.

The issuer plans to apply to list the notes on the NYSE Arca under the ticker "DTYL."

The notes (Cusip 06740L493) will price and settle sometime this year.

Barclays Capital Inc. is the agent.

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