iPath S&P GSCI Total Return Index ETN (GSP) is an exchange-traded note issued by Barclays Bank PLC that provides investors with unleveraged exposure to the performance of the S&P GSCI Total Return Index, a broad-based commodity index comprising futures contracts across energy, agriculture, livestock, industrial and precious metals; the ETN reflects the total return of the index through a combination of commodity price movements and collateralized returns from short-term U.S. Treasury bills. Launched in 2006 with an inception date of June 6, Barclays headquartered in London, United Kingdom, serves as the issuer and counterparty for the senior, unsecured debt obligation represented by the ETN. The product targets institutional and retail investors seeking diversified commodity market exposure without direct futures trading, operating primarily in U.S. markets via NYSE Arca listing.
In a major operational change, Barclays Bank PLC redeemed the outstanding GSP ETNs in full on June 14, 2023, suspending trading prior to market open on June 8, 2023, following issuer call option exercise and cash settlement at $19.685 per ETN based on the June 7, 2023, valuation date. This redemption formed part of Barclays' broader strategy to consolidate its iPath ETN series, including multiple prior and subsequent redemptions of similar commodity-linked products amid administrative reviews and portfolio optimizations in 2022-2025. The ETN is no longer active, marking a significant wind-down for this legacy commodity exposure vehicle.