iPath Long Extended S&P 500 TR ETN
SFLA
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
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
- Address
- United States of America
- IPO Date
- Nov 30, 2010
- Website
- barclaysinvestments.co.uk
- Similar Companies
- Business
- Barclays Bank PLC (Barclays) issues the iPath series of exchange traded notes (ETNs), including the iPath Long Extended S&P 500 TR ETN (ticker: SFLA), through its investment banking division. The iPath ETNs represent senior, unsecured debt securities linked to the total return performance of various underlying indices, such as leveraged exposures to the S&P 500 Total Return Index, commodities, volatility (e.g., S&P 500 VIX Short-Term and Mid-Term Futures), equity smart beta strategies, master limited partnerships, sustainable investing themes; specific products include leveraged equity ETNs like SFLA providing approximately 3x daily target exposure to the S&P 500 TR Index (subject to daily reset and fees of 0.95% or more), commodity subindex ETNs (e.g., agriculture, aluminum, platinum), and currency carry ETNs. Barclays serves institutional and retail investors seeking exchange-traded access to hard-to-reach markets including futures-based volatility, commodities, and leveraged equities; the ETNs trade principally on NYSE Arca in the United States, with historical listings in Europe (e.g., Frankfurt Stock Exchange for select volatility products accessible to UK, German, and Italian investors) and cross-listings in Canada. Founded as Barclays Bank in 1690 and headquartered in London, United Kingdom, Barclays operates globally across consumer banking, corporate and investment banking, with the iPath platform launched in the US in 2006 and expanded internationally thereafter. In June 2025, Barclays activated its issuer call option to redeem all outstanding shares of four iPath ETN series (including leveraged products) effective June 25, 2025, following successful cash tender offers and consent solicitations that amended indentures to enable full discretionary redemptions; holders received cash payments based on Closing Indicative Note Value as of June 17, 2025, with no further holder redemptions accepted. SFLA, with maturity originally set for November 30, 2020 and inception on November 29, 2010, faced prior delisting considerations and appears defunct or redeemed as part of Barclays' ongoing portfolio rationalization, which included suspending further issuances of certain ETNs (e.g., Pure Beta Crude Oil) and redeeming 21 series in prior years amid calculation errors and low liquidity. Recent strategic shifts encompass tender offers for multiple iPath series in 2025, reflecting Barclays' management of legacy leveraged and commodity-linked exposures amid market volatility risks, credit dependencies on the issuer, and evolving regulatory approvals for indenture amendments.