iPath Silver ETN
SBUG
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- None
- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- United States of America
- IPO Date
- Oct 7, 2019
- CIK
- 0000312070
- Similar Companies
- Business
- iPath Silver ETN (SBUG) is an exchange-traded note that tracks the performance of the Barclays Silver 3 Month Total Return Index, providing investors exposure to silver futures prices through a cash payment at maturity or early redemption. Issued by Barclays Bank PLC as senior unsecured medium-term debt obligations, the ETN offers leveraged commodity exposure without physical asset ownership; it lists core products including silver futures-linked notes traded on NYSE Arca under ticker SBUG. The product targets institutional and retail investors seeking silver price movements in the commodities sector, with operations primarily in the United States market. Barclays Bank PLC, headquartered in London, United Kingdom, launched the iPath series of ETNs, including SBUG, around 2008 to provide index-based commodity investment vehicles. The issuer maintains global operations across consumer banking, investment banking, and structured products, with Barclays Capital Inc. serving as the distribution agent for the ETNs. In recent major changes, Barclays announced the full redemption of the iPath Silver ETN (SBUG) effective December 28, 2022, exercising its issuer call option and suspending trading prior to the redemption date; holders received cash payments based on the closing indicative value. This followed a series of issuer redemptions for multiple iPath ETNs, including amendments to indentures enabling sole discretion redemptions after tender offers and consent solicitations; no new issuances or relaunches of SBUG have occurred since, rendering it defunct. Ongoing Barclays ETN management includes similar redemptions for other series in 2024 and 2025, reflecting strategic wind-downs of legacy commodity-linked products.