- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Jan 17, 2018
- Business
- Barclays Bank PLC issues the iPath Series B Bloomberg Nickel Subindex Total Return ETN (ticker: JJN), an exchange-traded note that provides investors with exposure to nickel futures contracts through the Bloomberg Nickel Subindex Total Return, without direct investment in physical commodities; the ETN tracks the performance of one or more futures contracts on nickel, offering a cash payment at maturity or redemption linked to the index value. Launched in January 2018 as part of the iPath ETN series, it carries an expense ratio of 0.45% and targets investors seeking commodities-focused exposure in the metals segment, primarily traded on NYSE Arca with operations centered in the United States market. Barclays Bank PLC, headquartered in London, England, with roots tracing to 1690, serves as the issuer across its global investment banking and capital markets divisions, which encompass a broad portfolio of exchange-traded notes, structured products, and commodity-linked securities; the bank operates worldwide through Barclays UK and Barclays International segments, catering to institutional investors, corporations, and wealth managers.
In a significant operational change, Barclays redeemed all outstanding shares of the JJN ETN on June 14, 2023, following suspension of trading on June 8, 2023, with holders receiving a cash payment equal to the closing indicative value on the June 7, 2023 valuation date, rendering the product defunct as confirmed by multiple financial databases. More broadly, Barclays has pursued strategic shifts in its iPath ETN lineup, including the redemption of multiple series such as copper, grains, and platinum in June 2023 and earlier tender offers for 24 ETNs, alongside suspending further issuances of certain products in 2022 before selective resumptions. Recent company developments include a strategic investment in United Fintech in December 2025 to bolster fintech infrastructure capabilities; acquisitions such as Tesco Bank in 2024 and Best Egg for $800 million; and partnerships like one with General Motors in the US, alongside ongoing efforts to achieve £1 billion in cost efficiencies by 2026 through capital reallocation and digital enhancements across retail, corporate, and investment banking segments.