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Barclays Bank to automatically redeem Short C Leveraged ETNs

Barclays Bank has announced the automatic redemption of its Short C Leveraged Exchange Traded Notes linked to the inverse performance of the S&P 500 Total Return.

The securities are being redeemed as the result of a stop loss termination event occurring on 4 January 2013, the stop loss termination date.

As described in the prospectus, a stop loss termination event occurs on any index business day prior to or on the final valuation date, when the intraday indicative note value is less than or equal to 15 per cent of the principal amount per security, or USD10.00 for each security.

The etfexpress Awards 2013 for the top ETF product and service providers will be held in London towards the end of Q1 2013. Please click here to nominate your product/firm.

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