Barclays ETN+ FI Enhanced Global High Yield ETN B (FIYY) is an exchange-traded note issued by Barclays Bank PLC that offers investors leveraged participation in the performance of the MSCI World High Dividend Yield USD Gross Total Return Index. The ETN provides a cash payment at scheduled maturity or optional redemption based on quarterly rebalanced leveraged exposure to large- and mid-cap high dividend yield stocks, excluding REITs, across 23 developed markets including the United States, Japan, the United Kingdom, Canada, France, Switzerland, Germany, and Australia; it tracks the index's total return in USD terms with an expense ratio of 0.93%. FIYY operates as an unsecured senior debt obligation of Barclays Bank PLC, with no distributions or dividends, targeting institutional and retail investors seeking enhanced yield strategies in global equities.
Issued on March 15, 2018, and listed on U.S. exchanges, FIYY was headquartered at Barclays Bank PLC's principal U.S. office at 745 7th Avenue, New York, NY 10019, as part of Barclays' broader structured products platform focused on equity-linked exchange-traded notes. The product catered to the leveraged equities segment, emphasizing high dividend yield companies in developed markets for income-oriented portfolios.
In a major operational change, Barclays activated its issuer call option and liquidated FIYY on December 11, 2020, at a redemption value of 103.2634 USD per note, ceasing all trading and holder redemptions following amendments to the indenture and global certificate. This redemption formed part of Barclays' broader strategy to wind down certain underperforming or low-volume iPath ETNs, including multiple series in 2020 and subsequent years amid regulatory approvals and tender offers. No recent partnerships, funding rounds, acquisitions, or new product launches related specifically to FIYY have occurred post-liquidation, aligning with Barclays' portfolio optimization in structured products.