Commodities

Barclays extends consent solicitation period for select iPath commodities ETNs

Barclays Bank has extended by two months the expiration date of its consent solicitation for select issues of iPath commodities exchange-traded notes.

Barclays intends to launch a new solicitation with respect to the iPath Dow Jones-UBS Coffee Subindex Total Return ETN.
 
The ETNs subject to the consent solicitation trade on the NYSE Arca exchange under the following ticker symbols:
 
iPath Dow Jones-UBS Commodity Index Total ReturnSM ETN (DJP)
iPath Dow Jones-UBS Livestock Subindex Total ReturnSM ETN (COW)
iPath Dow Jones-UBS Agriculture Subindex Total ReturnSM ETN (JJA)
iPath Dow Jones-UBS Softs Subindex Total ReturnSM ETN (JJS)
iPath Dow Jones-UBS Grains Subindex Total ReturnSM ETN (JJG)
iPath Dow Jones-UBS Energy Subindex Total ReturnSM ETN (JJE)
iPath Dow Jones-UBS Industrial Metals Subindex Total ReturnSM ETN (JJM)
iPath Dow Jones-UBS Precious Metals Subindex Total ReturnSM ETN (JJP)
iPath Dow Jones-UBS Cotton Subindex Total ReturnSM ETN (BAL)
iPath Dow Jones-UBS Coffee Subindex Total ReturnSM ETN (JO)
iPath Dow Jones-UBS Cocoa Subindex Total ReturnSM ETN (NIB)
iPath Dow Jones-UBS Sugar Subindex Total ReturnSM ETN (SGG)
iPath Dow Jones-UBS Copper Subindex Total ReturnSM ETN (JJC)
iPath Dow Jones-UBS Nickel Subindex Total ReturnSM ETN (JJN)
iPath Dow Jones-UBS Tin Subindex Total ReturnSM ETN (JJT)
iPath Dow Jones-UBS Aluminum Subindex Total ReturnSM ETN (JJU)
iPath Dow Jones-UBS Lead Subindex Total ReturnSM ETN (LD)
iPath Dow Jones-UBS Platinum Subindex Total ReturnSM ETN (PGM)
iPath Dow Jones-UBS Natural Gas Subindex Total ReturnSM ETN (GAZ)
iPath S&P GSCI Total Return Index ETN (GSP)
iPath S&P GSCI Crude Oil Total Return Index ETN (OIL)
iPath Global Carbon ETN (GRN)
 
Barclays is continuing to solicit consents separately for each issue of existing ETNs to the proposed amendments described below on the same terms and conditions as set forth in the consent solicitation statement, dated 19 November 2013, and the accompanying voter instruction form (VIF). Consents are being solicited from each person in whose name beneficial ownership of an issue of existing ETNs was recorded as of 5:00 pm, Eastern Standard Time, on 8 November 2013, the record date for the consent solicitation.
 
The consent solicitation will now expire on 31 March 2014, or such earlier date on which the approval of holders of a majority in aggregate principal amount of a particular issue is received and Barclays declares the proposed amendment to be effective for such issue. Barclays may terminate or extend the consent solicitation at any time in its sole discretion.
 
In addition, Barclays intends to solicit consents for the same proposed amendment with respect to the coffee ETNs on the terms and conditions set forth in a separate consent solicitation statement, to be dated on or about 11 February 2014 and the VIF accompanying such consent solicitation statement. The terms and conditions relating to this consent solicitation will be the same as those relating to the existing ETNs, except that the record date for the coffee ETNs will be 28 January 2014.

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