The iPath® Series B S&P 500® VIX Short-Term FuturesTM ETN is designed to provide exposure to the S&P 500® VIX Short-Term FuturesTM Index Total Return.
The iPath® Series B S&P GSCI® Crude Oil Total Return Index ETN is designed to provide investors with exposure to the S&P GSCI® Crude Oil Total Return Index.
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Barclays Capital Inc. acts as the issuer's agent in connection with the distribution of the iPath ETNs. Barclays Capital Inc. is an affiliate of Barclays Bank PLC and is a registered US broker-dealer regulated by the SEC and the FINRA.
Exchange Traded Notes (ETNs) have become increasingly popular investment instruments, providing single-trade access to hard-to-reach asset classes including commodities, volatility, and other investment strategies.
FAQs about upcoming maturity of VXX and VXZ ETNs
Investors in the Barclays ETNs will not receive a Schedule K-1. Distributions will be reported on Form 1099s. Please see the applicable prospectus for a more complete discussion of the primary tax treatment and alternative tax characterizations that are possible with respect to each ETN. This information should not be considered tax advice. Investors are urged to consult their tax advisor with regard to their specific situation.
You May Lose Some or All of Your Principal: The ETNs are exposed to any change in the level of the underlying index, or the Volume Weighted Average Price (“VWAP”) level, in the case of the iPath® S&P MLP ETN, between the inception date and the applicable valuation date. Additionally, if the level of the underlying index or the VWAP level, 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 or the VWAP level has increased or decreased, as the case may be. Because the ETNs are subject to an investor fee and 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.
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 20,0000, 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 product prospectus.
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NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE