Barclays Bank PLC Announces Change to the Coupon Ex-Date for its iPath® Select MLP ETNs

Business Wire05-18

NEW YORK, May 17, 2024--(BUSINESS WIRE)--Barclays Bank PLC (the "Issuer") announced today that, effective Tuesday, May 28, 2024 (the "Effective Date"), the definition of Coupon Ex-Date for its iPath® ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBarclays Bank PLC Announces Change to the Coupon Ex-Date for its iPath® Select MLP ETNs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-18 04:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/barclays-bank-plc-announces-change-204600950.html><strong>Business Wire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK, May 17, 2024--(BUSINESS WIRE)--Barclays Bank PLC (the \"Issuer\") announced today that, effective Tuesday, May 28, 2024 (the \"Effective Date\"), the definition of Coupon Ex-Date for its iPath® ...</p>\n\n<a href=\"https://finance.yahoo.com/news/barclays-bank-plc-announces-change-204600950.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://finance.yahoo.com/news/barclays-bank-plc-announces-change-204600950.html","article_id":"2436792507","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/2ifidaTvNmfC9TwSBSgDqg--~B/aD0yMTM7dz0xMTkyO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/business-wire.com/8250352348a55e4d1638462021a477a6"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2436792507","pubTimestamp":1715978760,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"NEW YORK, May 17, 2024----Barclays Bank PLC  announced today that, effective Tuesday, May 28, 2024 , the definition of Coupon Ex-Date for its iPath Select MLP ETNs  will be amended. The ETNs trade on the CBOE BZX Exchange under the ticker symbol \"ATMP\".Prior to the change described above being made, the Coupon Ex-Date  for the ETNs meant the eighth index business day following each Coupon Valuation Date. Beginning on and including the Effective Date, the Coupon Ex-Date for the ETNs means the ninth index business day following each Coupon Valuation Date. This change will remove the time period between the Coupon Ex-Date and the Coupon Record Date such that these dates will both fall on the ninth index business day following each Coupon Valuation Date.Following the Coupon Valuation Date on May 15, 2024, the next Coupon Ex-Date and Coupon Record Date for the ETNs will be May 29, 2024.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","BK4521":"英国银行股","SLCT":"Select Bancorp Inc.","MLP":"毛伊岛菠萝食品","BCS":"巴克莱银行","BK4024":"房地产开发"},"translate_title":"Barclays Bank PLC宣布更改其iPath®精选MLP ETNs的息票除息日","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MLP":1,"SLCT":1,"BCS":0.9},"content_text":"NEW YORK, May 17, 2024--(BUSINESS WIRE)--Barclays Bank PLC (the \"Issuer\") announced today that, effective Tuesday, May 28, 2024 (the \"Effective Date\"), the definition of Coupon Ex-Date for its iPath® Select MLP ETNs (the \"ETNs\") will be amended. The ETNs trade on the CBOE BZX Exchange under the ticker symbol \"ATMP\".\nPrior to the change described above being made, the Coupon Ex-Date (as defined in the prospectus for the ETNs) for the ETNs meant the eighth index business day following each Coupon Valuation Date. Beginning on and including the Effective Date, the Coupon Ex-Date for the ETNs means the ninth index business day following each Coupon Valuation Date. This change will remove the time period between the Coupon Ex-Date and the Coupon Record Date such that these dates will both fall on the ninth index business day following each Coupon Valuation Date.\nFollowing the Coupon Valuation Date on May 15, 2024, the next Coupon Ex-Date and Coupon Record Date for the ETNs will be May 29, 2024.\nThe change is being made in light of the SEC amendments to Rule 15c6-1(a) under the Securities Exchange Act of 1934 to shorten the standard settlement cycle for securities trades from T+2 to T+1. The amended rules will also shorten the time period for which transactions in stocks and exchange-traded products shall be ex-dividend or ex-rights.\nThe pricing supplement and prospectus relating to the ETNs can be found on EDGAR, the SEC website at www.sec.gov, as well as on the product website at http://ipathetn.barclays/ATMPprospectus.\nAn investment in the ETNs involves significant risks and may not be suitable for all investors. The ETNs are riskier than ordinary unsecured debt securities and do not benefit from any principal protection. For more information on risks associated with the ETNs, please see \"Selected Risk Considerations\" below and the risk factors included in the relevant pricing supplement.\nBarclays Bank is the issuer of the ETNs and Barclays Capital Inc. is the issuer’s agent in the distribution. Please contact Barclays Bank for further questions:\n\nFinancial advisors: Directly contact Barclays Bank at etndesk@barclays.com or 1-212-528-7990 to obtain further information.\nIndividual investors: Instruct your broker/advisor/custodian to email us at etndesk@barclays.com or to call us at: 1-212-528-7990. You may call in together with your broker/advisor/custodian or have them speak to us on your behalf.\n\nAbout Barclays\nBarclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a full-service corporate and investment bank. For further information about Barclays, please visit our website www.barclays.com.\nSelected Risk Considerations\nAn 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.\nYou May Lose Some or All of Your Principal: The ETNs are exposed to any change in the Volume Weighted Average Price (\"VWAP\") level of the underlying index (the \"index\") between the inception date and the applicable valuation date. Additionally, if the level of the 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 level of such index has increased or decreased, as the case may be. The ETNs are riskier than ordinary unsecured debt securities and have no principal protection.\nThe Payment on the ETNs is Linked to the VWAP Level, Not to the Closing Level of the Index and Not to the Published Intraday Indicative Value of the ETNs: Your payment at maturity or upon early redemption is linked to the performance of the VWAP level, as compared to the initial VWAP level. Although the VWAP level is intended to track the performance of the index, the calculation of the VWAP level is different from the calculation of the official closing level of the index. Therefore, the payment at maturity or early redemption of your ETNs, may be different from the payment you would receive if such payment were determined by reference to the official closing level of the index.\nCredit of Barclays Bank PLC: The ETNs are unsecured debt obligations of 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, if Barclays Bank PLC were to default on its obligations, you may not receive any amounts owed to you under the terms of the ETNs.\nMarket and Volatility Risk: The market value of the ETNs may be influenced by many unpredictable factors and may fluctuate between the date you purchase them and the maturity date or redemption date. You may also sustain a significant loss if you sell your ETNs in the secondary market. Factors that may influence the market value of the ETNs include prevailing market prices of the commodity markets, the U.S. stock markets or the U.S. Treasury market, the index components included in the underlying index, and prevailing market prices of options on such index or any other financial instruments related to such index; and supply and demand for the ETNs, including economic, financial, political, regulatory, geographical or judicial events that affect the level of such index or other financial instruments related to such index.\nConcentration Risk: The index constituents are companies in the Energy Sector or Gas Utilities Sector, as determined by the GICS® classification system. In addition, many of the index constituents are smaller, non-diversified businesses that are exposed to the risks associated with such businesses, including the lack of capital funding to sustain or grow businesses and potential competition from larger, better financed and more diversified businesses. The ETNs are susceptible to general market fluctuations in the energy and gas MLP market and to volatile increases and decrease.\nA Trading Market for the ETNs May Not Develop: Although the ETNs are listed on a U.S. 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.\nNo Interest Payments from the ETNs: You may not receive any interest payments on the ETNs.\nUncertain 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.\nThe ETNs may be sold throughout the day through certain brokerage accounts. 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.\n© 2024 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.\nNOT FDIC INSURED · NO BANK GUARANTEE · MAY LOSE VALUE\nView source version on businesswire.com: https://www.businesswire.com/news/home/20240517719331/en/\nContacts\nAnn Thielke+1 212 526 1472Ann.Thielke@barclays.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2436792507"}