Barclays says iPath Exchange Traded Notes surpasses $1 billion

By Sheri Kasprzak

New York, Dec. 20 - Barclays plc said Wednesday that investments in its iPath Exchange Traded Notes have surpassed $1 billion.

The ETNs have a 30-year maturity and are senior, unsecured unsubordinated debt linked to the performance of a market index.

The first two iPath ETNS are linked to the Dow Jones - AIG Commodity Index Total Return and the GSCI Total Return Index. The third is linked to the Goldman Sachs Crude Oil Total Return Index. Those notes were issued in June and August.

The news of the notes surpassing $1 billion comes on the heels of another issuance of 0% iPath ETNs. On Wednesday, the company priced $500 million in ETNs linked to the MSCI India Total Return Index. That news of the existing notes passing $1 billion emerged at the same time as the launch of the India Total Return Index notes is a coincidence, said Christine Hudacko, a spokeswoman for Barclays.

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