iPath Series B Bloomberg Coffee Subindex Total Return ETN (JO) is an exchange-traded note issued by Barclays Bank PLC that provides exposure to the Bloomberg Coffee Subindex Total Return, which tracks the price performance of coffee futures contracts traded on the Intercontinental Exchange; the ETN aims to replicate, net of fees, the total return of the index through maturity on January 23, 2048. The product offers investors a leveraged, long position in coffee commodities without direct ownership of physical assets or futures, targeting institutional and retail participants seeking commodity market volatility and agricultural sector exposure; it lists core services including daily indicative value calculations, cash settlement options, and redemption features at Barclays' discretion. Barclays Bank PLC, founded in 1690 and headquartered in London, United Kingdom, operates the iPath ETN platform globally across major exchanges like NYSE Arca, with geographic focus on U.S. and international commodity markets.
The ETN, launched on January 17, 2018, remains listed for trading as of December 2025 despite prior redemption events affecting the iPath series. In June 2023, Barclays announced and executed a full redemption of the outstanding JO ETNs effective June 14, 2023, with holders receiving cash payments based on the closing indicative value from June 7, 2023, alongside suspension of trading and adjustments to related options contracts. This action formed part of a broader strategic redemption of 21 iPath ETNs by Barclays in 2023, waiving minimum redemption sizes to facilitate holder exits, though subsequent data indicates resumed or continued quoting activity on platforms into 2025 with no further delisting confirmed. No recent partnerships, funding rounds, acquisitions, new product launches, or operational expansions specific to JO have been reported within the last 1-2 years.