Barclays Announces Upcoming Ticker Changes for 17 Commodity ETNs

NEW YORK–(BUSINESS WIRE)–Barclays Bank PLC (“Barclays”) announced today that it plans to amend
the tickers for 17 existing Commodity ETNs listed in the table below
(collectively, “the Commodity ETNs”). All of the Commodity ETNs are
listed on the NYSE Arca exchange. Please refer to the related press
releases dated January 11, 2018 and April 3, 2018 for further details
regarding the listing of the Commodities ETNs and delisting of certain
related ETNs.

The current and proposed ticker symbols for the Commodity ETNs are
listed in the table below. The ticker symbol changes will be effective
after the close of trading on November 15, 2018.

ETN Name  

Current ETN
Ticker

 

New ETN

Ticker

iPath® Series B Bloomberg Agriculture Subindex Total
ReturnSM ETN
  JJAB   JJA
iPath® Series B Bloomberg Aluminum Subindex Total ReturnSM
ETN
  JJUB   JJU
iPath® Series B Bloomberg Coffee Subindex Total ReturnSM
ETN
  BJO   JO
iPath® Series B Bloomberg Copper Subindex Total ReturnSM
ETN
  JJCB   JJC
iPath® Series B Bloomberg Cotton Subindex Total ReturnSM
ETN
  BALB   BAL
iPath® Series B Bloomberg Energy Subindex Total ReturnSM
ETN
  JJEB   JJE
iPath® Series B Bloomberg Grains Subindex Total ReturnSM
ETN
  JJGB   JJG
iPath® Series B Bloomberg Industrial Metals Subindex
Total ReturnSM ETN
  JJMB   JJM
iPath® Series B Bloomberg Livestock Subindex Total ReturnSM
ETN
  COWB   COW
iPath® Series B Bloomberg Nickel Subindex Total ReturnSM
ETN
  BJJN   JJN
iPath® Series B Bloomberg Platinum Subindex Total ReturnSM
ETN
  PGMB   PGM
iPath® Series B Bloomberg Precious Metals Subindex Total
ReturnSM ETN
  JJPB   JJP
iPath® Series B Bloomberg Softs Subindex Total ReturnSM
ETN
  JJSB   JJS
iPath® Series B Bloomberg Sugar Subindex Total ReturnSM
ETN
  SGGB   SGG
iPath® Series B Bloomberg Tin Subindex Total ReturnSM
ETN
  JJTB   JJT
iPath® Series B S&P GSCI® Crude Oil Total
Return Index ETN
  OILB   OIL
iPath® Series B Bloomberg Natural Gas Subindex Total
ReturnSM ETN
  GAZB   GAZ
   

Anyone considering investing in the ETNs or continuing to hold the ETNs
should consider the risks described in the prospectus for the relevant
series of ETNs when making an investment decision and consult with their
broker or financial adviser to evaluate their investment in the ETNs.

The ETNs are riskier than ordinary unsecured debt securities and have no
principal protection. The ETNs are unsecured debt obligations of the
issuer, Barclays Bank PLC, and are not, either directly or indirectly,
an obligation of or guaranteed by any third party. An investment in
the ETNs involves significant risks, including possible loss of
principal, and may not be suitable for all investors. For more
information on risks associated with the ETNs, please see “Selected Risk
Considerations” below and the risk factors included in the relevant
prospectus.

The prospectus relating to each series of ETNs can be found on EDGAR,
the SEC website at: www.sec.gov,
as well as on the product website at the links listed below for the
relevant series:

http://www.ipathetn.com/JJABprospectus
http://www.ipathetn.com/JJUBprospectus
http://www.ipathetn.com/BJOprospectus
http://www.ipathetn.com/JJCBprospectus
http://www.ipathetn.com/BALBprospectus
http://www.ipathetn.com/JJEBprospectus
http://www.ipathetn.com/JJGBprospectus
http://www.ipathetn.com/JJMBprospectus
http://www.ipathetn.com/COWBprospectus
http://www.ipathetn.com/BJJNprospectus
http://www.ipathetn.com/PGMBprospectus
http://www.ipathetn.com/JJPBprospectus
http://www.ipathetn.com/JJSBprospectus
http://www.ipathetn.com/SGGBprospectus
http://www.ipathetn.com/JJTBprospectus
http://www.ipathetn.com/OILBprospectus
http://www.ipathetn.com/GAZBprospectus

Barclays Bank PLC is the issuer of iPath® ETNs and Barclays
Capital Inc. is the issuer’s agent in the distribution.

For further information, please instruct your broker/advisor/custodian
to email us at etndesk@barclays.com
or alternatively, your broker/custodian can call us at: 1-212-528-7990.

Selected Risk Considerations

An investment in the ETNs described herein involves risks. Selected
risks are summarized here, but we urge you to read the more detailed
explanation of risks described under “Risk Factors” in the applicable
prospectus supplement and pricing supplement.

You May Lose Some or All of Your Principal: The ETNs are exposed
to any decrease in the level of the underlying index between the
inception date and the applicable valuation date. Additionally, if the
level of the underlying index is insufficient to offset the negative
effect of the investor fee and other applicable costs, you will lose
some or all of your investment at maturity or upon redemption, even if
the value of such index has increased. Because the ETNs are subject to
an investor fee and any other applicable costs, the return on the ETNs
will always be lower than the total return on a direct investment in the
index components. The ETNs are riskier than ordinary unsecured debt
securities and have no principal protection.

Credit of Barclays Bank PLC: The ETNs are unsecured debt
obligations of the issuer, Barclays Bank PLC, and are not, either
directly or indirectly, an obligation of or guaranteed by any third
party. Any payment to be made on the ETNs, including any payment at
maturity or upon redemption, depends on the ability of Barclays Bank PLC
to satisfy its obligations as they come due. As a result, the actual and
perceived creditworthiness of Barclays Bank PLC will affect the market
value, if any, of the ETNs prior to maturity or redemption. In addition,
in the event Barclays Bank PLC were to default on its obligations, you
may not receive any amounts owed to you under the terms of the ETNs.

Issuer Redemption: If specified in the applicable prospectus,
Barclays Bank PLC will have the right to redeem or call the ETNs (in
whole but not in part) at its sole discretion and without your consent
on any trading day on or after the inception date until and including
maturity.

Automatic Redemption: If specified in the applicable prospectus,
Barclays Bank PLC will automatically redeem a series of ETNs (in whole
only, but not in part) at the specified automatic redemption value if,
on any valuation date prior to or on the final valuation date, the
intraday indicative note value of the ETNs becomes less than or equal to
the applicable level specified in the prospectus.

The ETNs offer exposure to futures contracts and not direct exposure
to physical commodities:
The ETNs offer investors exposure to the
price of commodities futures contracts and not to the spot price of
commodities. The price of a commodity futures contract reflects the
expected value of the commodity upon delivery in the future, whereas the
spot price of a commodity reflects the immediate delivery value of the
commodity. A variety of factors can lead to a disparity between the
expected future price of a commodity and the spot price at a given point
in time, such as the cost of storing the commodity for the term of the
futures contract, interest charges to finance the purchase of the
commodity and expectations concerning supply and demand for the
commodity. The price movement of a futures contract is typically
correlated with the movements of the spot price of the reference
commodity, but the correlation is generally imperfect and price moves in
the spot market may not be reflected in the futures market (and vice
versa). Accordingly, the ETNs may underperform a similar investment that
reflects the return on the physical commodity.

Market and Volatility Risk: The prices of physical commodities,
including the commodities underlying the index components, can fluctuate
widely due to supply and demand disruptions in major producing or
consuming regions. Additionally, the market value of the ETNs may be
influenced by many unpredictable factors including changes in supply and
demand relationships, governmental policies and economic events.

Concentration Risk: Because the ETNs are linked to an index
composed of futures contracts on a single commodity or in only one
commodity sector, the ETNs are less diversified than other funds. The
ETNs can therefore experience greater volatility than other funds or
investments.

A Trading Market for the ETNs May Not Develop: Although the ETNs
are currently listed on a national securities exchange, a trading market
for the ETNs may not develop and the liquidity of the ETNs may be
limited, as we are not required to maintain any listing of the ETNs.

No Interest Payments from the ETNs: You will not receive any
interest payments on the ETNs.

Restrictions on the Minimum Number of ETNs and Date Restrictions for
Redemptions
: You must redeem at least 20,000, 25,000 or 50,000
(depending on the series) ETNs of the same series at one time in order
to exercise your right to redeem your ETNs on any redemption date. You
may only redeem your ETNs on a redemption date if we receive a notice of
redemption from you by certain dates and times as set forth in the
product prospectus.

Uncertain Tax Treatment: Significant aspects of the tax treatment
of the ETNs are uncertain. You should consult your own tax advisor about
your own tax situation.

The ETNs may be sold throughout the day on the exchange through any
brokerage account. Commissions may apply and there are tax consequences
in the event of sale, redemption or maturity of ETNs. Sales in the
secondary market may result in significant losses.

The “S&P GSCI® Index Total Return” and “S&P GSCI®
Crude Oil Total Return Index” (the “S&P GSCI Indices”) are products of
S&P Dow Jones Indices LLC (“SPDJI”), and have been licensed for use by
Barclays Bank PLC. S&P® and GSCI® are
registered trademarks of Standard & Poor’s Financial Services LLC
(“SPFS”). These trademarks have been licensed to SPDJI and its
affiliates and sublicensed to Barclays Bank PLC for certain purposes.
The S&P GSCI Indices are not owned, endorsed, or approved by or
associated with Goldman, Sachs & Co. or its affiliated companies. The
ETNs are not sponsored, endorsed, sold or promoted by SPDJI, SPFS, or
any of their respective affiliates (collectively, “S&P Dow Jones
Indices”). S&P Dow Jones Indices does not make any representation or
warranty, express or implied, to the owners of the ETNs or any member of
the public regarding the advisability of investing in securities
generally or in the ETNs particularly or the ability of the S&P GSCI
Indices to track general market performance.

“Bloomberg®“, “Bloomberg Commodity IndexSM“,
“Bloomberg Commodity Index Total ReturnSM“, “Bloomberg
Agriculture Subindex Total ReturnSM“, “Bloomberg Aluminum
Subindex Total ReturnSM“, “Bloomberg Cocoa Subindex Total
ReturnSM“, “Bloomberg Coffee Subindex Total ReturnSM“,
“Bloomberg Copper Subindex Total ReturnSM“, “Bloomberg
Cotton Subindex Total ReturnSM“, “Bloomberg Energy Subindex
Total ReturnSM“, “Bloomberg Grains Subindex Total ReturnSM“,
“Bloomberg Industrial Metals Subindex Total ReturnSM“,
“Bloomberg Lead Subindex Total ReturnSM“, “Bloomberg
Livestock Subindex Total ReturnSM“, “Bloomberg Natural Gas
Subindex Total ReturnSM“, “Bloomberg Nickel Subindex Total
ReturnSM“, “Bloomberg Platinum Subindex Total ReturnSM“,
“Bloomberg Precious Metals Subindex Total ReturnSM“,
“Bloomberg Softs Subindex Total ReturnSM“, “Bloomberg
Sugar Subindex Total ReturnSM“, “Bloomberg Tin Subindex Total
ReturnSM” and “BCOM” are service marks of Bloomberg Finance
L.P. and its affiliates (collectively, “Bloomberg“) and have
been licensed for use for certain purposes by Barclays Bank PLC. Any
ETNs based on the Bloomberg Commodity Indices are not sponsored,
endorsed, sold or promoted by Bloomberg, UBS AG, UBS Securities LLC (“UBS“),
or any of their subsidiaries or affiliates. None of Bloomberg, UBS AG,
UBS Securities or any of their subsidiaries or affiliates makes any
representation or warranty, express or implied, to the owners of or
counterparties to the ETNs or any member of the public regarding the
advisability of investing in securities or commodities generally or in
the ETNs particularly.

© 2018 Barclays Bank PLC. All rights reserved. iPath, iPath ETNs and the
iPath logo are registered trademarks of Barclays Bank PLC. All other
trademarks, servicemarks or registered trademarks are the property, and
used with the permission, of their respective owners.

 

NOT FDIC INSURED · NO BANK GUARANTEE · MAY LOSE VALUE

 

About Barclays

Barclays is a transatlantic consumer and wholesale bank offering
products and services across personal, corporate and investment banking,
credit cards and wealth management, with a strong presence in our two
home markets of the UK and the US. With over 325 years of history and
expertise in banking, Barclays operates in over 40 countries and employs
approximately 80,000 people. Barclays moves, lends, invests and protects
money for customers and clients worldwide.
For further information
about Barclays, please visit our website home.barclays

Contacts

Barclays Bank PLC
Brittany Berliner
+1 212 526 4894
Brittany.Berliner@barclays.com

leverton

I have been involved with publishing and marketing for the past 32 years. My passion is helping people share their voice. I am able to do this through two important venues: One, with Area-Info.net where people can share everything from opinions to events to news. It is your choice! What do you want to share? Two, through a new program called America's Real Deal I am involved with to help business owners get their voice heard.I schedule speaking engagements with community groups and business groups to share my passion about the importance of "sharing your voice".Contact me directly at lee@leeeverton.coom for scheduling information.