Saturday, October 26, 2013 10:11:58 AM
Barclays today announced today that it will implement a 1 for 4 reverse split of its iPath® S&P 500 VIX Short-Term FuturesTM Exchange Traded Notes (the “ETNs”) effective Friday, November 8, 2013. The ETNs trade on the NYSE Arca stock exchange under the ticker symbol VXX and on the Toronto Stock Exchange (“TSX”) under ticker symbols VXX and VXX.U. Barclays Bank PLC has the right (but no obligation) to initiate such a reverse split if the closing indicative value of the ETNs falls below $25.00 on any business day, as described in the pricing supplement relating to the ETNs. On October 25, 2013, the closing indicative value of the ETNs was $12.85.
(credit to Paulie Cashews)
Paulies Pixel Palace
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