NEW YORK, August 10, 2010 –- NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading eight new iPath exchange traded notes (ETNs) issued by Barclays Bank PLC. These are the first iPath® ETNs that provide exposure to fixed income strategies.
The following are the new ETNs and their exchange ticker symbols:
• iPath® US Treasury Steepener ETN (STPP)
• iPath® US Treasury Flattener ETN (FLAT)
• iPath® US Treasury 2-year Bull ETN (DTUL)
• iPath® US Treasury 2-year Bear ETN (DTUS)
• iPath® US Treasury 10-year Bull ETN (DTYL)
• iPath® US Treasury 10-year Bear ETN (DTYS)
• iPath® US Treasury Long Bond Bull ETN (DLBL)
• iPath® US Treasury Long Bond Bear ETN (DLBS)
These eight new iPath® ETNs are medium-term notes that are senior unsecured debt obligations of Barclays Bank PLC with a maturity of ten years. The ETNs will be issued in denominations of $50. The return on the ETNs is based on a participation rate of $0.10 gain or loss per each 1.00 point decrease or increase, respectively, in the level of the applicable Index, plus the income accrued from a notional investment of the value of the ETNs at the 28-day U.S. Treasury Bill rate, less certain costs and fees.
See the product website at www.iPathETN.com for the prospectuses and further information.
Barclays Bank PLC is the issuer of iPath ETNs and Barclays Capital Inc. is the issuer’s agent. BlackRock’s broker dealer affiliate, BlackRock Fund Distribution Company, engages in the promotion of iPath ETNs to intermediaries.
# # #
About Barclays (Source: Barclays)
Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs nearly 147,000 people. Barclays moves, lends, invests and protects money for 48 million customers and clients worldwide. For further information about Barclays, please visit our website www.barclays.com.
Background on Exchange Traded Products (ETPs) on NYSE Euronext
NYSE Euronext operates the world's largest Exchange Traded Products marketplace, and is the leading venue for Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), Exchange Traded Vehicles (ETVs) and Warrants and Certificates trading. NYSE Euronext's offering of these products provides investors access to regulated listings as well as fast and innovative trading tools to access liquidity. NYSE Arca, NYSE Euronext's US market for ETFs, has 814 primary ETF and 53 primary ETV listings. Additionally, NYSE Arca lists 98 ETNs, 132 Certificates, while trading all other eligible ETPs on an Unlisted Trading Privileges basis. On its European markets, including cross-listings, NYSE Euronext has 529 primary ETFs, 74 ETVs, 5 ETNs, with a total number of 608 listings across the European markets. In addition, NYSE Euronext lists a total of 14,309 Certificates and Covered Warrants in Paris, Amsterdam, Brussels and Lisbon.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com.
NYSE Euronext and its affiliates do not recommend or make any representation as to possible benefits from any securities or investments, or third-party products or services. Investors should undertake their own due diligence regarding their securities and investment practices. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.