Barclays waives minimum redemption size for nine ETNs

By Wendy Van Sickle

Columbus, Ohio, Sept. 4 – Barclays Bank plc waived the minimum redemption size for nine ETNs, effective after the close of trading on Tuesday, according to a news release.

Previously, the minimum redemption size was 20,000 ETNs, and the minimum has been reduced to the zero.

The affected ETNs include

• iPath US Treasury Steepener ETN linked to the Barclays Capital US Treasury Two-Year/10-Year Yield Curve index;

• iPath US Treasury Flattener ETN linked to the Barclays Capital US Treasury Two-Year/10-Year Yield Curve index;

• iPath US Treasury Two-Year Bull ETN linked to the Barclays Capital Two-Year US Treasury Futures Targeted Exposure index;

• iPath US Treasury Two-Year Bear ETN linked to the Barclays Capital Two-Year US Treasury Futures Targeted Exposure index;

• iPath US Treasury Five-Year Bull ETN linked to the Barclays Capital Five-Year US Treasury Futures Targeted Exposure index;

• iPath US Treasury Five-Year Bear ETN linked to the Barclays Capital Five-Year US Treasury Futures Targeted Exposure index;

• iPath US Treasury 10-year Bull ETN linked to the Barclays Capital 10-year US Treasury Futures Targeted Exposure index;

• iPath US Treasury Long Bond Bull ETN linked to the Barclays Capital 10-year US Treasury Futures Targeted Exposure index; and

• Barclays Inverse US Treasury Composite ETN linked to the Barclays Capital Long-Bond US Treasury Futures Targeted Exposure index.

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