iPath Pure Beta Copper ETN
CUPM
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- None
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Apr 21, 2011
- Website
- barclaysinvestments.co.uk
- Similar Companies
- Business
- Barclays Bank PLC iPath® Pure Beta Copper ETN (CUPM) is an exchange-traded note that provides investors exposure to the performance of the Barclays Copper Pure Beta Total Return Index, which tracks copper futures contracts; the ETN offers a cash payment at maturity, early redemption, or issuer call based on the index level less fees, with no principal protection or interest payments. Issued by Barclays Bank PLC, a British universal bank headquartered in London and founded in 1690, the ETN targets investors seeking commodity-linked returns through a senior unsecured debt obligation, operating primarily in the U.S. market via NYSE Arca listing and serving institutional and retail investors globally. The product features holder redemption (minimum 50,000 ETNs with notice), issuer redemption at Barclays' discretion, and daily indicative value calculations tied to copper excess returns adjusted for roll costs. In a significant recent development, Barclays announced on June 12, 2025, its decision to exercise the issuer call option and fully redeem the CUPM series, along with three other iPath® ETNs, on June 25, 2025 (valuation date June 17, 2025), following amendments to the indenture via prior cash tender offers and consent solicitations that enabled this discretionary full redemption. Holders receive cash per ETN equal to the closing indicative value on the valuation date, with no further holder redemptions accepted post-amendment; this action reflects Barclays' ongoing portfolio management of its iPath® ETN suite amid market and operational shifts. Despite some outdated reports of earlier suspension or delisting, CUPM remained tradable into late 2025 with recent quotes around $33.56, underscoring its active status until the impending redemption.