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Barclays Bank PLC announced today the launch of nine iPath® Exchange Traded Notes (ETNs) on the Tokyo Stock Exchange (TSE), marking the first ever ETN listing in Japan.
This will also be the first listing of non-Japanese securities in a format of Japanese Depositary Receipts (JDRs). As stated in the below table, two ETNs (volatility and commodity-related) were listed today and seven ETNs (commodities-related) will be listed on September 6, making up a total of nine products.
A listing ceremony was held today at the TSE attended by Eiji Nakai, President and CEO of Barclays Capital, Japan and Atsushi Saito, President and CEO of TSE, who, together with business partners of the firm, were present at a bell ringing ceremony at the TSE to mark this key milestone in the development of the ETN market in Japan.
“iPath® is known globally as a brand name of Barclays' ETNs. iPath® ETNs provide investors a new innovative investment with opportunities to access previously difficult to reach markets and investment strategies. We believe that the creation of an ETN market addresses the shortage of alternative investments and will help revitalise the Japanese economy,” said Eiji Nakai, President and CEO of Barclays Capital Japan.
Atsushi Saito, President and CEO of TSE, said, “The iPath series is issued by Barclays Bank, one of the world's leading financial institutions. We are delighted to welcome this ETN as the first to be listed on our market. In addition to the existing ETF market, I firmly believe that this listing will provide more diversified investment methods to Japanese investors as well as improve market convenience. TSE will strengthen its functions as a platform which provides a variety of financial instruments.”
** This document has been prepared for information purposes only, and shall not constitute a solicitation of an offer to buy any securities described herein.
August, 23
| Ticker | Issue Name | Underlying Index | Trading Unit |
| 2029 | iPath® S&P GSCI® Total Return Index JDR | S&P GSCI® Total Return Index | 1 |
| 2021 | iPath® S&P 500 VIX Mid-Term Futures™ JDR | S&P 500 VIX Mid-Term Futures™ Index Total Return | 1 |
September, 6
| Ticker | Issue Name | Underlying Index | Trading Unit |
| 2022 | iPath® S&P GSCI® Precious Metals Index Total Return JDR | S&P GSCI® Precious Metals Index Total Return | 1 |
| 2023 | iPath® S&P GSCI® Industrial Metals Index Total Return JDR | S&P GSCI® Industrial Metals Index Total Return | 1 |
| 2024 | iPath® S&P GSCI® Energy Index Total Return JDR | S&P GSCI® Energy Index Total Return | 1 |
| 2025 | iPath® S&P GSCI® Agricultural Index Total Return JDR | S&P GSCI® Agricultural Index Total Return | 1 |
| 2026 | iPath® S&P GSCI® Grain Index Total Return JDR | S&P GSCI® Grain Index Total Return | 1 |
| 2027 | iPath® S&P GSCI® Softs Index Total Return JDR | S&P GSCI® Softs Index Total Return | 1 |
| 2028 | iPath® S&P GSCI® Livestock Index Total Return JDR | S&P GSCI® Livestock Index Total Return | 1 |
