Barclay's iPath is reedeming one of it's leveraged inverse ETNs and is no longer available for trading...
- Barclays Short C Leveraged Inverse S&P 500 TR ETN
The ETN is being redeemed as the result of a stop loss termination event occurring on January 4, 2013, the stop loss termination date. As described in the prospectus, a stop loss termination event occurs on any index business day prior to or on the final valuation date, when the intraday indicative note value is less than or equal to 15.0% of the principal amount per Security, or $10.00
Holders of the note, as of Jan 4th, will receive $10 per share as of the redemption date - Jan 11th. You can get the full details about the redemption on the official press release.
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