Barclays iPath(R) ETNs Attract More Than $3 Billion in Market Capitalization

Sep 20, 2007, 01:00 ET from Barclays

    NEW YORK, Sept. 20 /PRNewswire/ -- Barclays PLC announced that
 investments in iPath(R) Exchange Traded Notes (iPath ETNs(R)) surpassed $3
 billion. The first two iPath ETNs were launched in early June 2006 and a
 total of eight have been issued since then.
     "This is a new benchmark for the ETN market and it underscores the
 significant interest in Barclays iPath ETNs," said Philippe El-Asmar,
 Managing Director, Head of Investor Solutions, Americas at Barclays
 Capital. "Barclays businesses have aligned in a unique way to offer
 investors eight ETNs that achieve innovative, transparent, and
 cost-effective investment in previously expensive or difficult-to-reach
 markets. We remain committed to expanding the iPath ETNs suite of
     iPath ETNs typically have a 30-year maturity and are senior, unsecured,
 unsubordinated debt securities issued by Barclays Bank PLC linked to the
 performance of a market benchmark or strategy. iPath ETNs are designed to
 provide investors with convenient access to the returns of market
 benchmarks, less investor fees, with easy transferability.
     Several Barclays divisions worked together to create this success.
 Barclays Bank PLC is the issuer, Barclays Capital Inc., is the issuer's
 agent, and Barclays Global Investors Services is the promoter of iPath ETNs
 to intermediaries.
     The first two iPath ETNs are linked to commodity indexes, the Dow
 Jones- AIG Commodity Index Total Return(SM) and the S&P GSCI(TM) Total
 Return Index. The third iPath ETN is linked to the S&P GSCI(TM) Crude Oil
 Total Return Index. The fourth iPath ETN is linked to the MSCI India
 Index(SM), which is designed to measure the market performance, including
 price performance and income from dividend payments, of Indian equity
 securities. In May, the first iPath ETNs designed specifically to offer
 exposure to a single currency exchange rate relative to the US dollar were
 launched, as well as the first iPath ETN to offer investors exposure to the
 CBOE S&P 500 BuyWrite Index(SM), less applicable fees.
     The pricing supplements can be found on the SEC website at:
     -- (iPath ETNs linked to the Dow Jones-AIG Commodity Index Total
     -- (iPath ETNs linked to the S&P GSCI(TM) Total Return Index)
     -- (iPath ETNs linked to the S&P GSCI(TM) Crude Oil Total Return Index)
     -- (iPath ETNs linked to the MSCI India Index(SM))
     -- (iPath ETNs linked to the CBOE S&P 500 BuyWrite Index(SM))
     -- (iPath EUR/USD Exchange Rate ETN)
     -- (iPath GBP/USD Exchange Rate ETN)
     -- (iPath JPY/USD Exchange Rate ETN)
     The following link provides further information about the iPath ETNs:
     An investment in iPath ETNs involves risks, including possible loss of
 principal. For a description of the main risks see "Risk Factors" in the
 applicable prospectus.
     About Barclays
     Barclays PLC is a major global financial services provider engaged in
 retail and commercial banking, credit cards, investment banking, wealth
 management and investment management services. We are one of the largest
 financial services companies in the world by market capitalization. With
 over 300 years of history and expertise in banking, Barclays operates in
 over 50 countries and employs 127,000 people. We move, lend, invest and
 protect money for over 25 million customers and clients worldwide. For
 further information about Barclays, please visit our website
     About Barclays Capital
     Barclays Capital is the investment banking division of Barclays Bank
 PLC which has an AA long-term credit rating and a balance sheet of over 1.1
 trillion pounds sterling(US$2.3 trillion*). With a distinctive business
 model, Barclays Capital provides large corporate, government and
 institutional clients with solutions to their financing and risk management
 needs. Barclays Capital has offices in 26 countries, employs over 15,700
 people and has the global reach and distribution power to meet the needs of
 issuers and investors worldwide. For further information about Barclays
 Capital, please visit our website *US$ figure was
 derived using the US$/pound exchange rate at 30.06.07 of US$2.01/1 pound
     About BGI
     Barclays Global Investors is one of the world's largest asset managers
 and a leading global provider of investment management products and
 services. It has over 2,900 institutional clients and over $2.0 trillion of
 assets under management. It transformed the investment industry by creating
 the first index strategy in 1971 and the first quantitative active strategy
 in 1979. BGI is the global product leader in Exchange Traded Funds
 (iShares) with over 290 funds for institutions and individuals trading in
 19 markets. Globally, it has $359 billion of iShares assets under
 management. For further information about Barclays Global Investors, please
 visit our website
     Barclays Bank PLC has filed a registration statement (including a
 prospectus) with the SEC for the offerings to which this communication
 relates. Before you invest, you should read the prospectus and other
 documents Barclays Bank PLC has filed with the SEC for more complete
 information about the issuer and these offerings. You may get these
 documents for free by visiting or EDGAR on the SEC website
 at Alternatively, Barclays Bank PLC will arrange for Barclays
 Capital Inc. to send you the prospectus if you request it by calling
 toll-free 1-877-76-iPATH, or you may request a copy from any other dealer
 participating in the offering.
     Barclays Global Investors Services, a subsidiary of Barclays Global
 Investors, N.A. ("BGINA"), assists in the promotion of the Securities.
 Barclays Global Investors, N.A. and Barclays Capital Inc. ("BCI") are
 affiliates of Barclays Bank PLC.
     iPath ETNs (the "Securities") are unsecured obligations of Barclays
 Bank PLC and are not secured debt. The Securities are riskier than ordinary
 unsecured debt securities and have no principal protection. Risks of
 investing in the Securities include limited portfolio diversification,
 trading price fluctuations, uncertain principal repayment, and illiquidity.
 Investing in the Securities is not equivalent to direct investment in index
 or index components. The investor fee will reduce the amount of an
 investor's return at maturity or on redemption, and as a result the
 investor may receive less than the principal amount of the investment at
 maturity or upon redemption of the Securities even if the value of the
 relevant index has increased. An investment in iPath ETNs may not be
 suitable for all investors. The Securities may be sold throughout the day
 on the exchange through any brokerage account. There are restrictions on
 the minimum number of Securities an investor may redeem directly with the
 Issuer, and on the dates on which the investor may redeem them, as
 specified in the applicable prospectus. Commissions may apply and there are
 tax consequences in the event of sale, redemption or maturity of
 Securities. Sales in the secondary market may result in significant losses.
     "Dow Jones(R)," "AIG(R)," "Dow Jones-AIG Commodity Index Total
 Return(SM)," "DJAIGCI(SM)" "Dow Jones-AIG Commodity Index(SM)," "Dow
 Jones-AIG Agriculture Total Return Sub-Index(SM)," "Dow Jones-AIG Copper
 Total Return Sub-Index(SM)," "Dow Jones-AIG Grains Total Return
 Sub-Index(SM)," and "Dow Jones-AIG Nickel Total Return Sub-Index(SM)" are
 registered trademarks or servicemarks of Dow Jones & Company, Inc. ("Dow
 Jones"), and American International Group, Inc. ("AIG"), as the case may
 be, and have been licensed for use for certain purposes by Barclays Bank
 PLC for the Securities. The Securities based on the Dow Jones-AIG Commodity
 Index Total Return(SM) are not sponsored, endorsed, sold or promoted by Dow
 Jones, AIG Financial Products Corp. ("AIG-FP"), AIG, or any of their
 respective subsidiaries or affiliates and none of Dow Jones, AIG-FP, AIG,
 or any of their respective subsidiaries or affiliates makes any
 representation regarding the advisability of investing in such Securities.
     "Standard & Poor's(R)," "S&P(R)," "GSCI(R)," "S&P(R) GSCI(R)," "S&P(R)
 GSCI(R) Index," "S&P(R) GSCI(R) Total Return Index," "S&P(R) GSCI(R) Crude
 Oil Total Return Index" and "S&P(R) GSCI(R) Commodity Index" are trademarks
 or service marks of The McGraw-Hill Companies, Inc. and have been licensed
 for use by Barclays Bank PLC in connection with the Securities. The S&P(R)
 GSCI(R) Index, the S&P(R) GSCI(R) Total Return Index, the S&P(R) GSCI(R)
 Crude Oil Total Return Index, and S&P(R) GSCI(R) Commodity Index are not
 owned, endorsed, or approved by or associated with Goldman Sachs & Co. or
 its affiliated companies. The Securities are not sponsored, endorsed, sold
 or promoted by Standard & Poor's, a division of the McGraw-Hill Companies,
 Inc. or any of its affiliates ("Standard & Poor's"). Standard & Poor's does
 not make any representation or warranty, express or implied, to the owners
 of the Securities or any member of the public regarding the advisability of
 investing in securities generally or in the Securities particularly or the
 ability of the S&P(R) GSCI(R) Index or any of its subindexes to track
 general commodity market performance.
     The MSCI indexes are the exclusive property of Morgan Stanley Capital
 International Inc. ("MSCI"). MSCI and the MSCI index names are service
 mark(s) of MSCI or its affiliates and have been licensed for use for
 certain purposes by Barclays Bank PLC. The financial securities referred to
 herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no
 liability with respect to any such financial securities. The Pricing
 Supplement contains a more detailed description of the limited relationship
 MSCI has with Barclays Bank PLC and any related financial securities. No
 purchaser, seller or holder of this product, or any other person or entity,
 should use or refer to any MSCI trade name, trademark or service mark to
 sponsor, endorse, market or promote this product without first contacting
 MSCI to determine whether MSCI's permission is required. Under no
 circumstances may any person or entity claim any affiliation with MSCI
 without the prior written permission of MSCI.
     "Standard & Poor's(R)," "S&P(R)," "S&P 500(R)," "Standard & Poor's 500"
 and "500" are trademarks of Standard & Poor's, a division of The
 McGraw-Hill Companies, Inc., and "BuyWrite" and "CBOE" are trademarks of
 the Chicago Board Options Exchange, Incorporated ("CBOE"). These marks have
 been licensed for use by Barclays Bank PLC. The Securities are not
 sponsored, endorsed, sold or promoted by Standard & Poor's or CBOE and
 Standard & Poor's and CBOE make no representation regarding the
 advisability of investing in the Securities.
     (C) 2007 BGINA. All rights reserved. iPath, iPath ETNs and the iPath
 logo are registered trademarks of Barclays Bank PLC. All other trademarks,
 servicemarks or registered trademarks are the property, and used with the
 permission, of their respective owners.

SOURCE Barclays