Barclays short leveraged ETN terminated April 4

|About: Barclays Capital Short ... (BXDB)|By:, SA News Editor

The Barclays Capital Short B Leveraged Exchange Traded Notes (BXDB), linked to the inverse performance of the S&P 500 Total Return Index, closed after a stop loss event.

As described in the prospectus and in a statement from Barclays; "a stop loss termination event occurs when the intraday indicative note value on any index business day prior to or on the final valuation date is less than or equal to 10.0% of the principal amount per Security, or $10.00 for each Security. Details of the stop loss termination event are below."

Holders of BXDB will receive a cash payment equal to the stop-loss redemption value on April 11.

Other S&P 500 Index ETPs: SPY, SH, SSO, SDS, IVV, VOO, SPXU, UPRO, SPXL, RSP, RWL, EPS, BXUB, TRND, SFLA, BXUC, SPLX