Barclays Confirms the Quarterly Composition of the CIBC Atlas Select MLP Index

CIBC Atlas Select MLP Index is used as the underlying index in the iPath Select MLP ETNs

Barclays Bank PLC announced that during the next quarterly CIBC Atlas Select MLP Index (the “Index”) rebalancing period, which will commence following the close of business on Friday, October 8, 2021 (the “Rebalancing Date”), there will be no changes to the constituents in the Index.

The iPath Select MLP ETNs (the “ETNs”) are linked to the performance of the Volume-Weighted Average Price (“VWAP”) level of the Index. The ETNs are listed on the CBOE BZX Exchange under the ticker symbol “ATMP.”

Read More: Bank of Sun Prairie Partners with 360 View to Empower Their Customer Relationship-Focused Culture

An investment in the ETNs involves significant risks, including possible loss of principal, and may not be suitable for all investors. The ETNs are riskier than ordinary unsecured debt securities and have no principal protection. The ETNs are speculative and may exhibit high volatility. The ETNs are also subject to certain investor fees, which will have a negative effect on the value of the ETNs. You are not guaranteed to receive coupon payments on the ETNs. You will receive a coupon payment on a coupon payment date only to the extent that the accrued dividend exceeds the accrued investor fee on the relevant coupon valuation date.

In accordance with the Index’s methodology (as described in the prospectus relating to the ETNs), the Index is rebalanced quarterly. The Index is designed to provide exposure to a basket of midstream US and Canadian master limited partnerships, limited liability companies and corporations that trade on major US exchanges (the “Index Constituents”). The Index Constituents are classified in the GICS^® Energy Sector or GICS^® Gas Utilities Industry according to the Global Industry Classification Standard^® (“GICS”) and meet certain eligibility criteria.

Read More: Piper Sandler Expands Credit Union Coverage with Addition of Jon Searles

The Index currently includes 20 constituents and cash. The Index Constituents will be rebalanced on a capped, float-adjusted, capitalization-weighted basis across four Index business days starting on the Rebalancing Date. Constituent additions to and deletions from the Index do not reflect an opinion by Barclays Bank PLC on the investment merits of the respective securities.

The target weights for the highest weighted Limited Partnership (“LP”) Index Constituents and highest weighted General Partnership (“GP”) Index Constituents, effective after the rebalance on the Rebalancing Date, are reported in the table below. For more information regarding how an Index Constituent is classified as a LP or a GP, please see the prospectus relating to the ETNs.

The Index Constituents are selected for inclusion in the Index using the CIBC Select MLP Strategy (the “Strategy”) developed by CIBC Private Wealth Advisors, Inc. (the “Index Selection Agent”). The Strategy dynamically selects a basket of up to 100 Index Constituents based on their long-term credit rating, the portion of their cash flow driven by mid-stream operations and their size as measured by free-float market capitalization and average daily trading volume. The Index Selection Agent provides the Index Constituents that are selected by the Strategy to Barclays Bank PLC, as index sponsor.

Read More: Abra Launches Token-Based Rewards Program for Customers Powered by Crypto Perx (CPRX)

[To share your insights with us, please write to sghosh@martechseries.com ]