Free Writing Prospectus
Filed Pursuant to Rule 433
Registration No. 333-169119
December 15, 2011
18 Pure Beta Commodity ETNs Introducing iPath® Pure Beta Commodity ETNs, a diversified suite of broad-based and single-commodities exposure ETNs linked to the performance of the Barclays Capital Pure Beta Indices. Diversified access. iPath® Pure Beta Commodity ETNs are exchange traded notes that offer access to a wide variety of commodities futures indices in a refined form with the potential to reduce the effects of roll yield. Get the pure facts on Pure Beta. Our white paper, The Basics of iPath® Pure Beta Commodity Exchange Traded Notes, provides detailed information on the mechanics of the Pure Beta methodology. For more information, visit www.iPathETN.com/refined or call 1-877-76-iPATH.
alternatives TICKER YEARLY FEE1 MATURITY DATE iPath® S&P 500 VIX Short-Term Futures ETN VXX 0.89% 1/30/19 iPath® S&P 500 VIX Mid-Term Futures ETN VXZ 0.89% 1/30/19 iPath® Inverse S&P 500 VIX Short-Term Futures ETN XXV 0.89% 7/17/20 iPath® Inverse S&P 500 VIX Short-Term Futures ETN (II) IVOP 0.89% 9/20/21 iPath® S&P 500 Dynamic VIX ETN XVZ 0.95% 8/18/21 iPath® Global Carbon ETN GRN 0.75% 6/24/38 fixed income iPATH FIXED INCOME ETNs iPath® US Treasury Steepener ETN STPP 0.75% 8/13/20 iPath® US Treasury Flattener ETN FLAT 0.75% 8/13/20 iPath® US Treasury 2-year Bull ETN DTUL 0.75% 8/13/20 iPath® US Treasury 2-year Bear ETN DTUS 0.75% 8/13/20 iPath® US Treasury 5-year Bull ETN DFVL 0.75% 7/12/21 iPath® US Treasury 5-year Bear ETN DFVS 0.75% 7/12/21 iPath® US Treasury 10-year Bull ETN DTYL 0.75% 8/13/20 iPath® US Treasury 10-year Bear ETN DTYS 0.75% 8/13/20 iPath® US Treasury Long Bond Bull ETN DLBL 0.75% 8/13/20 iPath® US Treasury Long Bond Bear ETN DLBS 0.75% 8/13/20 1. The investor fee is calculated cumulatively based on the Yearly Fee and the performance of the underlying index or currency exchange rate and increases each day based on the level of the index or currency exchange rate on that day. Because the investor fee reduces the amount of your return at maturity or upon redemption, if the value of the underlying decreases or does not increase significantly, you may receive less than the principal amount of your investment at maturity or upon redemption. For a more complete description of how the investor fee is calculated and any other applicable costs, please see the applicable product page and Pricing Supplement at www.iPathETN.com. With short sales, an investor faces the potential for unlimited losses redemption, depends on the ability of Barclays Bank PLC to satisfy its as the securitys price rises. obligations as they come due. As a result, the actual and perceived creditworthiness of Barclays Bank PLC will affect the market value, if Selected Risk Considerations 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 An investment in the iPath ETNs described herein (the ETNs) involves not receive any amounts owed to you under the terms of the ETNs. risks. Selected risks are summarized here, but we urge you to read the more detailed explanation of risks described under Risk Factors Issuer Redemption: If specified in the applicable prospectus, Barclays in the applicable prospectus supplement and pricing supplement. Bank PLC will have the right to redeem or call a series of ETNs (in whole You Lose but not in part) at its sole discretion and without your consent on any May Some or All of Your Principal: The ETNs are exposed to trading day on or after the inception date until and including maturity. any change in the level of the underlying index between the inception date and the applicable valuation date. Additionally, if the level of the Automatic Redemption: If specified in the applicable prospectus, underlying index is insufficient to offset the negative effect of the Barclays Bank PLC will automatically redeem a series of ETNs (in investor fee and other applicable costs, you will lose some or all of whole only, but not in part) at the specified automatic redemption your investment at maturity or upon redemption, even if the value of value if, on any valuation date prior to or on the final valuation date, such index has increased or decreased, as the case may be. Because the intraday indicative note value of the ETNs becomes less than or the ETNs are subject to an investor fee and any other applicable costs, equal to the applicable level specified in the prospectus. 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 A Trading Market for the ETNs May Not Develop: Although the ordinary unsecured debt securities and have no principal protection. ETNs are listed on NYSE Arca, a trading market for the ETNs may not develop and the liquidity of the ETNs may be limited, as we are not Credit of Barclays Bank PLC: The ETNs are unsecured debt obligations required to maintain any listing of the ETNs. 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 No Interest Payments from the ETNs: You may not receive any interest be made on the ETNs, including any payment at maturity or upon payments on the ETNs. BARCLAYS
18 Pure Beta Commodity ETNs Introducing iPath® Pure Beta Commodity ETNs, a diversified suite of broad-based and single-commodities exposure ETNs linked to the performance of the Barclays Capital Pure Beta Indices. Diversified access. iPath® Pure Beta Commodity ETNs are exchange traded notes that offer access to a wide variety of commodities futures indices in a refined form with the potential to reduce the effects of roll yield. Get the pure facts on Pure Beta. Our white paper, The Basics of iPath® Pure Beta Commodity Exchange Traded Notes, provides detailed information on the mechanics of the Pure Beta methodology. For more information, visit www.iPathETN.com/refined or call 1-877-76-iPATH.
iPath Exchange Traded Notes PO Box 869032 Plano, TX 75086-9032 presorted standard mail U.s. postage paid BUrlingame, Ca permit no. 1 John Q. Sample Address 1 Address 2 Anytown, CA 123456789 Your refined, redefined commodities ETN list. And over 50 other investment ideas from iPath.
iPath Exchange Traded Notes BROAD SECTOR SINGLE iPath® Pure Beta Broad Commodity ETN iPath® Pure Beta Agriculture ETN iPath® Pure Beta Broad Energy ETN iPath® Pure Beta Broad Grains ETN iPath® Pure Beta Aluminum ETN iPath® Pure Beta Cocoa ETN iPath® Pure Beta Coffee ETN iPath® Pure Beta S&P GSCI®-Weighted ETN iPath® Pure Beta Industrial Metals ETN iPath® Pure Beta Livestock ETN iPath® Pure Beta Precious Metals ETN iPath® Pure Beta Copper ETN iPath® Pure Beta Cotton ETN iPath® Pure Beta Crude Oil ETN iPath® Pure Beta Softs ETN iPath® Pure Beta Lead ETN iPath® Pure Beta Nickel ETN iPath® Pure Beta Sugar ETN BCM DIRT ONG WEET FOIL CHOC CAFE SBV HEVY LSTK BLNG CUPM CTNN OLEM GRWN LEDD NINI SGAR BARCLAYS
YOUR COMPLIMENTARY GUIDE TO PURE BETA ETNs Send in this card to receive a copy of The Basics of iPath® Pure Beta Commodity Exchange Traded Notes white paper. Or download it at www.iPathETN.com/refined Please include your email address and phone number Email Phone If you have a new address, please list it below John Q. Sample Address 1 Address 2 Anytown, CA 123456789 [XXXXXXXX] iPath Exchange Traded Notes BARCLAYS
In the context of investment strategies in the futures markets, roll yield is commonly used to describe the returns that occur over and above the changes in the spot returns. Diversification may not protect against market risk. Selected Risk Considerations An investment in the iPath ETNs described herein (the ETNs) 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 a series of 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. Barclays Capital Pure Beta Series 2 Methodology: The Barclays Capital Pure Beta Series 2 Methodology seeks to mitigate distortions in the commodities markets associated with investment flows and supply and demand distortions. However, there is no guarantee that the Pure Beta Series 2 Methodology will succeed in these objectives and an investment in the ETNs linked to indices using this methodology may underperform compared to an investment in a traditional commodity index linked to the same commodities. 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 certain ETNs are linked to an index composed of futures contracts on a single commodity or in only one commodity sector, such 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 listed on NYSE Arca, 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 may 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 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 pricing supplement. 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. Barclays Bank PLC has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and other documents Barclays Bank PLC has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting www.iPathETN.com or EDGAR on the SEC website at www.sec.gov. Alternatively, Barclays Bank PLC will arrange for Barclays Capital Inc. to send you the prospectus if you request it by calling toll-free 1-877-764-7284, or you may request a copy from any other dealer participating in the offering. BlackRock Fund Distribution Company assists in the promotion of the iPath ETNs. 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. Each of the Barclays Capital commodities indices referenced herein is a trademark of Barclays Bank PLC. ©2011 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. iP-0489-1111 NOT FDIC INSURED · NO BANK GUARANTEE · MAY LOSE VALUE
BUSINESS REPLY MAIL FIRST-CLASS MAIL PERMIT NO 3958. PLANO TX POSTAGE WILL BE PAID BY ADDRESSEE IPATH PO BOX 869032 PLANO TX 75086-9724 NO POSTAGE NECESSARY IF MAILED IN THE UNITED STATES
Commodities exposure. Now refined into 18 Pure Beta ETNs. iPath Exchange Traded Notes BARCLAYS CHOC HEVY WEET CAFE DIRT SGAR BCM Cocoa Metal Grain Coffee Agriculture Sugar Broad
Restrictions on the Minimum Number of ETNs and Date Restrictions for Redemptions: You must redeem at least 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 pricing supplement. 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. Barclays Bank PLC has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and other documents Barclays Bank PLC has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting www.iPathETN.com or EDGAR on the SEC website at www.sec.gov. Alternatively, Barclays Bank PLC will arrange for Barclays Capital Inc. to send you the prospectus if you request it by calling toll-free 1-877-764-7284, or you may request a copy from any other dealer participating in the offering. BlackRock Fund Distribution Company assists in the promotion of the iPath ETNs. 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. The Dow Jones-UBS Commodity IndexesSM are a joint product of Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC (CME Indexes), and UBS Securities LLC (UBS Securities), and have been licensed for use. Dow Jones®, DJ, Dow Jones Indexes, UBS, Dow Jones-UBS Commodity IndexSM, DJ-UBSCISM, Dow Jones-UBS Commodity Index Total ReturnSM, Dow Jones-UBS Agriculture Subindex Total ReturnSM, Dow Jones-UBS Aluminum Subindex Total ReturnSM, Dow Jones-UBS Cocoa Subindex Total ReturnSM, Dow Jones-UBS Coffee Subindex Total ReturnSM, Dow Jones-UBS Copper Subindex Total ReturnSM, Dow Jones-UBS Cotton Subindex Total ReturnSM, Dow Jones-UBS Energy Subindex Total ReturnSM, Dow Jones-UBS Grains Subindex Total ReturnSM, Dow Jones-UBS Industrial Metals Subindex Total ReturnSM, Dow Jones-UBS Lead Subindex Total ReturnSM, Dow Jones-UBS Livestock Subindex Total ReturnSM, Dow Jones- UBS Natural Gas Subindex Total ReturnSM, Dow Jones-UBS Nickel Subindex Total ReturnSM, Dow Jones-UBS Platinum Subindex Total ReturnSM, Dow Jones-UBS Precious Metals Subindex Total ReturnSM, Dow Jones-UBS Softs Subindex Total ReturnSM, Dow Jones-UBS Sugar Subindex Total ReturnSM and Dow Jones-UBS Tin Subindex Total ReturnSM are servicemarks of Dow Jones Trademark Holdings, LLC (Dow Jones) and UBS AG (UBS AG), as the case may be, have been licensed to CME Indexes and have been sublicensed for use for certain purposes by Barclays Bank PLC. The ETNs based on the indices are not sponsored, endorsed, sold or promoted by Dow Jones, UBS AG, UBS Securities, CME Indexes or any of their respective subsidiaries or affiliates. None of Dow Jones, UBS AG, UBS Securities, CME Indexes, or any of their subsidiaries or affiliates makes any representation or warranty, express or implied, to the owners of or counterparts to the ETNs based on the indices or any member of the public regarding the advisability of investing in securities or commodities generally or in the ETNs based on any of the indices particularly. The MSCI indexes are the exclusive property of MSCI, Inc. (MSCI). MSCI and the MSCI index names are servicemark(s) of MSCI or its affiliates and have been licensed for use for certain purposes by Barclays Bank PLC. The financial securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such financial securities. The relevant pricing supplement contains a more detailed description of the limited relationship MSCI has with Barclays Bank PLC and any related financial securities. No purchaser, seller or holder of this product, or any other person or entity, should use or refer to any MSCI trade name, trademark or service mark to sponsor, endorse, market or promote this product without first contacting MSCI to determine whether MSCIs permission is required. Under no circumstances may any person or entity claim any affiliation with MSCI without the prior written permission of MSCI. S&P GSCI®, S&P GSCI® Index, S&P GSCI® Total Return Index, S&P GSCI® Commodity Index and S&P GSCI® Crude Oil Total Return Index are trademarks of Standard & Poors Financial Services LLC (S&P) and have been licensed for use by Barclays Bank PLC. The ETNs are not sponsored, endorsed, sold or promoted by S&P. S&P 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® to track general stock market performance. Standard & Poors®, S&P®, S&P 500®, Standard & Poors 500TM and 500 are trademarks of Standard & Poors Financial Services LLC (S&P), and BuyWrite and CBOE are trademarks of the Chicago Board Options Exchange, Incorporated (CBOE). These marks have been licensed for use by Barclays Bank PLC. The ETNs are not sponsored, endorsed, sold or promoted by S&P or the CBOE and neither S&P nor CBOE make any representation regarding the advisability of investing in the ETNs. Standard & Poors®, S&P®, S&P 500®, Standard & Poors 500TM, S&P 500 VIX Short-Term Futures, S&P 500 VIX Mid-Term Futures and S&P 500® Dynamic VIX Futures are trademarks of Standard & Poors Financial Services LLC (S&P) and have been licensed for use by Barclays Bank PLC. VIX is a registered trademark of the Chicago Board Options Exchange, Incorporated (CBOE) and has been licensed for use by S&P. The ETNs are not sponsored, endorsed, sold or promoted by S&P or the CBOE. S&P and CBOE make no representation, condition 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 or in the ability of either index to track market performance. Barclays Capital Intelligent Carry IndexTM and the USD Intelligent Carry IndexTM are trademarks of Barclays Bank PLC. Barclays Capital Global Carbon IndexTM and Barclays Capital Global Carbon Index Total ReturnTM are trademarks of Barclays Bank PLC. Barclays Capital US Treasury 2Y/10Y Yield Curve IndexTM, Barclays Capital 2Y US Treasury Futures Targeted Exposure IndexTM, Barclays Capital 5Y US Treasury Futures Targeted Exposure IndexTM, Barclays Capital 10Y US Treasury Futures Targeted Exposure IndexTM and Barclays Capital Long Bond US Treasury Futures Targeted Exposure IndexTM are trademarks of Barclays Bank PLC. Russell 1000® Index and Russell 2000® Index are trademarks of the Russell Investment Group and have been licensed for use by Barclays Bank PLC. The ETNs are not sponsored, endorsed, sold, or promoted by the Russell Investment Group and the Russell Investment Group makes no representation regarding the advisability of investing in the ETNs. Each of the Barclays Capital commodities indices referenced herein is a trademark of Barclays Bank PLC. ©2011 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. iP-0489-1111 NOT FDIC INSURED · NO BANK GUARANTEE · MAY LOSE VALUE For more info visit www.iPathETN.com or call 1-877-76-iPATH. BARCLAYS
As of 11/15/2011 etn product list iPath Exchange Traded Notes BARCLAYS commodities TICKER YEARLY FEE1 MATURITY DATE PURE BETA ETNs BROAD iPath® Pure Beta Broad Commodity ETN BCM 0.75% 4/18/41 iPath® Pure Beta S&P GSCI®-Weighted ETN SBV 0.75% 4/18/41 SECTOR iPath® Pure Beta Agriculture ETN DIRT 0.75% 4/18/41 iPath® Pure Beta Energy ETN ONG 0.75% 4/18/41 iPath® Pure Beta Grains ETN WEET 0.75% 4/18/41 iPath® Pure Beta Industrial Metals ETN HEVY 0.75% 4/18/41 iPath® Pure Beta Livestock ETN LSTK 0.75% 4/18/41 iPath® Pure Beta Precious Metals ETN BLNG 0.75% 4/18/41 iPath® Pure Beta Softs ETN GRWN 0.75% 4/18/41 SINGLE iPath® Pure Beta Aluminum ETN FOIL 0.75% 4/18/41 iPath® Pure Beta Cocoa ETN CHOC 0.75% 4/18/41 iPath® Pure Beta Coffee ETN CAFE 0.75% 4/18/41 iPath® Pure Beta Copper ETN CUPM 0.75% 4/18/41 iPath® Pure Beta Cotton ETN CTNN 0.75% 4/18/41 iPath® Pure Beta Crude Oil ETN OLEM 0.75% 4/18/41 iPath® Pure Beta Lead ETN LEDD 0.75% 4/18/41 iPath® Pure Beta Nickel ETN NINI 0.75% 4/18/41 iPath® Pure Beta Sugar ETN SGAR 0.75% 4/18/41 BROAD iPath® Dow Jones-UBS Commodity Index Total ReturnSM ETN DJP 0.75% 6/12/36 iPath® S&P GSCI® Total Return Index ETN GSP 0.75% 6/12/36 SECTOR iPath® Dow Jones-UBS Agriculture Subindex Total ReturnSM ETN JJA 0.75% 10/22/37 iPath® Dow Jones-UBS Energy Subindex Total ReturnSM ETN JJE 0.75% 10/22/37 iPath® Dow Jones-UBS Grains Subindex Total ReturnSM ETN JJG 0.75% 10/22/37 iPath® Dow Jones-UBS Industrial Metals Subindex Total ReturnSM ETN JJM 0.75% 10/22/37 iPath® Dow Jones-UBS Livestock Subindex Total ReturnSM ETN COW 0.75% 10/22/37 iPath® Dow Jones-UBS Precious Metals Subindex Total ReturnSM ETN JJP 0.75% 6/24/38 iPath® Dow Jones-UBS Softs Subindex Total ReturnSM ETN JJS 0.75% 6/24/38 1. The investor fee is calculated cumulatively based on the Yearly Fee and the performance of the underlying index or currency exchange rate and increases each day based on the level of the index or currency exchange rate on that day. Because the investor fee reduces the amount of your return at maturity or upon redemption, if the value of the underlying decreases or does not increase significantly, you may receive less than the principal amount of your investment at maturity or upon redemption. For a more complete description of how the investor fee is calculated and any other applicable costs, please see the applicable product page and Pricing Supplement at www.iPathETN.com.
commodities contd. TICKER YEARLY FEE1 MATURITY DATE SINGLE iPath® Dow Jones-UBS Aluminum Subindex Total ReturnSM ETN JJU 0.75% 6/24/38 iPath® Dow Jones-UBS Cocoa Subindex Total ReturnSM ETN NIB 0.75% 6/24/38 iPath® Dow Jones-UBS Coffee Subindex Total ReturnSM ETN JO 0.75% 6/24/38 iPath® Dow Jones-UBS Copper Subindex Total ReturnSM ETN JJC 0.75% 10/22/37 iPath® Dow Jones-UBS Cotton Subindex Total ReturnSM ETN BAL 0.75% 6/24/38 iPath® Dow Jones-UBS Lead Subindex Total ReturnSM ETN LD 0.75% 6/24/38 iPath® Dow Jones-UBS Natural Gas Subindex Total ReturnSM ETN2 GAZ 0.75% 10/22/37 iPath® Dow Jones-UBS Nickel Subindex Total ReturnSM ETN JJN 0.75% 10/22/37 iPath® Dow Jones-UBS Platinum Subindex Total ReturnSM ETN2 PGM 0.75% 6/24/38 iPath® Dow Jones-UBS Sugar Subindex Total ReturnSM ETN SGG 0.75% 6/24/38 iPath® Dow Jones-UBS Tin Subindex Total ReturnSM ETN JJT 0.75% 6/24/38 iPath® S&P GSCI® Crude Oil Total Return Index ETN OIL 0.75% 8/14/36 currencies iPath® EUR/USD Exchange Rate ETN ERO 0.40% 5/14/37 iPath® GBP/USD Exchange Rate ETN GBB 0.40% 5/14/37 iPath® JPY/USD Exchange Rate ETN JYN 0.40% 5/14/37 iPath® Optimized Currency Carry ETN ICI 0.65% 1/28/38 equities iPATH LEVERAGED EQUITY ETNs iPath® Long Extended Russell 1000® TR Index ETN ROLA 0.50% 11/30/20 iPath® Short Extended Russell 1000® TR Index ETN ROSA 0.50% 11/30/20 iPath® Long Extended Russell 2000® TR Index ETN RTLA 0.50% 11/30/20 iPath® Short Extended Russell 2000® TR Index ETN RTSA 0.50% 11/30/20 iPath® Long Enhanced MSCI EAFE® Index ETN MFLA 0.80% 11/30/20 iPath® Short Enhanced MSCI EAFE® Index ETN MFSA 0.80% 11/30/20 iPath® Long Enhanced MSCI Emerging Markets Index ETN EMLB 0.80% 11/30/20 iPath® Short Enhanced MSCI Emerging Markets Index ETN EMSA 0.80% 11/30/20 iPath® Long Extended S&P 500® TR Index ETN SFLA 0.35% 11/30/20 iPath® Short Extended S&P 500® TR Index ETN SFSA 0.35% 11/30/20 iPath® Long Enhanced S&P 500 VIX Mid-Term Futures ETN (II) VZZB 0.89% 7/12/21 iPATH STRATEGY ETN iPath® CBOE S&P 500 BuyWrite IndexSM ETN BWV 0.75% 5/28/37 iPATH EMERGING MARKET ETN iPath® MSCI India IndexSM ETN2 INP 0.89% 12/18/36 All iPath ETNs trade on NYSE ArcaSM and are eligible for short sales. 1. The investor fee is calculated cumulatively based on the Yearly Fee and the performance of the underlying index or currency exchange rate and increases each day based on the level of the index or currency exchange rate on that day. Because the investor fee reduces the amount of your return at maturity or upon redemption, if the value of the underlying decreases or does not increase significantly, you may receive less than the principal amount of your investment at maturity or upon redemption. For a more complete description of how the investor fee is calculated and any other applicable costs, please see the applicable product page and Pricing Supplement at www.iPathETN.com. 2. Closed to further issuances.
alternatives TICKER YEARLY FEE1 MATURITY DATE iPath® S&P 500 VIX Short-Term Futures ETN VXX 0.89% 1/30/19 iPath® S&P 500 VIX Mid-Term Futures ETN VXZ 0.89% 1/30/19 iPath® Inverse S&P 500 VIX Short-Term Futures ETN XXV 0.89% 7/17/20 iPath® Inverse S&P 500 VIX Short-Term Futures ETN (II) IVOP 0.89% 9/20/21 iPath® S&P 500 Dynamic VIX ETN XVZ 0.95% 8/18/21 iPath® Global Carbon ETN GRN 0.75% 6/24/38 fixed income iPATH FIXED INCOME ETNs iPath® US Treasury Steepener ETN STPP 0.75% 8/13/20 iPath® US Treasury Flattener ETN FLAT 0.75% 8/13/20 iPath® US Treasury 2-year Bull ETN DTUL 0.75% 8/13/20 iPath® US Treasury 2-year Bear ETN DTUS 0.75% 8/13/20 iPath® US Treasury 5-year Bull ETN DFVL 0.75% 7/12/21 iPath® US Treasury 5-year Bear ETN DFVS 0.75% 7/12/21 iPath® US Treasury 10-year Bull ETN DTYL 0.75% 8/13/20 iPath® US Treasury 10-year Bear ETN DTYS 0.75% 8/13/20 iPath® US Treasury Long Bond Bull ETN DLBL 0.75% 8/13/20 iPath® US Treasury Long Bond Bear ETN DLBS 0.75% 8/13/20 1. The investor fee is calculated cumulatively based on the Yearly Fee and the performance of the underlying index or currency exchange rate and increases each day based on the level of the index or currency exchange rate on that day. Because the investor fee reduces the amount of your return at maturity or upon redemption, if the value of the underlying decreases or does not increase significantly, you may receive less than the principal amount of your investment at maturity or upon redemption. For a more complete description of how the investor fee is calculated and any other applicable costs, please see the applicable product page and Pricing Supplement at www.iPathETN.com. With short sales, an investor faces the potential for unlimited losses as the securitys price rises. Selected Risk Considerations An investment in the iPath ETNs described herein (the ETNs) 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 change 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 or decreased, as the case may be. 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 a series of 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. A Trading Market for the ETNs May Not Develop: Although the ETNs are listed on NYSE Arca, 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 may not receive any interest payments on the ETNs. BARCLAYS
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