Barclays Bank to redeem three Canada-listed ETNs
Barclays Bank has set the redemption price for three Toronto Stock Exchange-listed iPath ETNs that the bank previously said it would redeem on 23 May 2014.
As described in the prospectus for each ETN, holders of the ETNs on the redemption date will receive a cash payment per equal to the redemption price, which is the closing indicative value of the ETN on 15 May.
The redemption price for each of the three ETNs as determined on 15 May is:
iPath S&P 500 VIX Short-Term Futures CAD Hedged ETN (VIX): USD6.69
iPath S&P 500 Dynamic VIX CAD Hedged ETN (DVX): USD27.07
iPath Pure Beta Crude Oil CAD Hedged ETN (PBO): USD49.11
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