First ETN Launched on EURO STOXX 50 Volatility Index on Xetra

Release date: Apr 28, 2010

Barclays Bank extends its ETN offering on volatility indices

Since Wednesday, a new Barclays Bank ETN bearing the product name iPath has been tradable in Deutsche Börse’s ETN segment.

ETN name: iPath VSTOXX Short-Term Futures Total Return ETN

Asset class: Volatility

ISIN: DE000BC2KTT9

Management fee: 0.89 percent

Benchmark: EURO STOXX 50 Volatility Index (VSTOXX)

The iPath VSTOXX Short-Term Futures Total Return ETN offers investors the opportunity to participate for the first time in the performance of the EURO STOXX 50 Volatility Short-Term Futures Index (VSTOXX Short-Term Futures Index). The VSTOXX Short-Term Futures Index tracks the implicit volatility of equities in the EURO STOXX 50® index based on a hypothetical portfolio. This portfolio reflects the returns on a rolling investment in two VSTOXX futures contracts which are traded on Eurex® and which have a residual maturity of one to two months.

Deutsche Börse’s ETN segment product range currently comprises 14 instruments on volatility, currency and equity indices. ETNs are exchange-traded debt securities. They track the performance of underlying reference indices outside the commodities sector and have been tradable on Xetra® since December 2009.

Eurex® and Xetra® are registered trademarks of Deutsche Börse AG.

EURO STOXX50® is a registered trademark of STOXX Ltd. STOXX Ltd. is a company that is owned by Deutsche Börse AG and SIX Group AG.

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