By Wendy Van Sickle
Columbus, Ohio, Nov. 14 – Barclays Bank plc priced an additional $177.44 million of Barclays ETN+ Select MLP exchange-traded notes due March 18, 2043, according to a 424B2 filing with the Securities and Exchange Commission.
The $200 million principal amount of additional notes have a $177.44 million market price based on $22.18 per ETN, which is the average of the high and low prices reported on NYSE Arca on Nov. 9.
The issuer issued $75 million principal amount of notes on March 20, 2015, $250 million principal amount of notes on March 15, 2013 and $100 million more on March 3, 2014. The total issue size is now $625 million.
The ETNs are designed to provide investors with exposure to a basket of midstream U.S. master limited partnerships, limited liability companies and corporations by tracking the volume-weighted average price of the Atlantic Trust Select MLP index. Additionally, the index provides exposure to general partners of U.S. MLPs in Canada.
The notes have a $25 face amount.
The notes are designed to pay a quarterly coupon based on the distributions made by the index constituents. The coupon may be zero.
The notes are putable subject to a minimum of 50,000 notes, and they are callable at any time.
The notes are listed on the NYSE Arca stock exchange under the ticker symbol "ATMP.”
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Barclays ETN+ Select MLP ETNs
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| Underlying index: | Atlantic Trust Select MLP index
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| Amount: | $625 million, increased from $425 million
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| Maturity: | March 18, 2043
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| Coupon: | Variable; may be zero
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| Par amount: | $25
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| Payout at maturity: | Amount in cash equal to closing indicative value
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| Put option: | At any time subject to minimum of 50,000 notes
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| Call option: | At any time
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| Pricing dates: | March 12, 2013 for $250 million; Feb. 28, 2014 for $100 million; March 19, 2015 for $75 million; Nov. 10 for $200 million
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| Settlement dates: | March 15, 2013 for $250 million; March 3, 2014 for $100 million; March 20, 2015 for $75 million; Nov. 14 for $200 million
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| Agent: | Barclays
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| Listing: | NYSE Arca: ATMP
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| Cusip: | 06742C723
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