TSE News

New Product to be Listed: Exchange Traded Notes (Indicator-tracking Securities)(Barclays iPath series)

Update : Jul. 29, 2011

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[Tokyo Stock Exchange, Inc.]

Today, Tokyo Stock Exchange, Inc. (TSE) approved the listing of the following trust beneficiary certificates (Japanese Depositary Receipts; hereinafter "JDRs") whose trust assets are exchange traded notes (indicator-tracking securities; hereinafter "ETNs") managed by Barclays Bank PLC of the UK.

These ETNs will be the first of its kind to be listed in Japan, and also the first foreign securities listed in Japan using the JDR scheme.

With these nine listings, there will be a total of 112 ETFs and ETNs listed on the Tokyo market. TSE will continue working to diversify the ETF market, promote the listing of other new financial instruments such as ETNs, and improve the convenience of our market for all investors.

[To be Listed on August 23, 2011]
Code Issue Name Underlying Indicator Trading Unit
2021 iPath® S&P GSCI® Total Return Index JDR S&P GSCI® Total Return Index 1
2029 iPath® S&P 500 VIX Mid-Term Futures™ JDR S&P 500 VIX Mid-Term Futures™ Index Total Return 1

[To be Listed on September 6, 2011]
Code Issue Name Underlying Indicator Trading Unit
2022 iPath® S&P GSCI® Precious Metals Index Total Return JDR S&P GSCI® Precious Metals Index Total Return 1
2023 iPath® S&P GSCI® Industrial Metals Index Total Return JDR S&P GSCI® Industrial Metals Index Total Return 1
2024 iPath® S&P GSCI® Energy Index Total Return JDR S&P GSCI® Energy Index Total Return 1
2025 iPath® S&P GSCI® Agricultural Index Total Return JDR S&P GSCI® Agricultural Index Total Return 1
2026 iPath® S&P GSCI® Grain Index Total Return JDR S&P GSCI® Grain Index Total Return 1
2027 iPath® S&P GSCI® Softs Index Total Return JDR S&P GSCI® Softs Index Total Return 1
2028 iPath® S&P GSCI® Livestock Index Total Return JDR S&P GSCI® Livestock Index Total Return 1

<S&P 500 VIX Mid-Term Futures™ Index Total Return>

The S&P 500 VIX Index is calculated based on prices of S&P 500 put options and call options contracts. The S&P 500 VIX Mid-Term Futures™ Index Total Return measures the return from a daily rolling long position in the fourth, fifth, sixth, and seventh month VIX futures contracts. In general, the VIX Index measures the price movement (i.e., volatility) of a certain index (e.g., S&P 500). As such, the index rises if the market fluctuates significantly (high volatility in the S&P 500 index), and the index declines if the market is sluggish (low volatility in the S&P 500 index).

<S&P GSCI® Total Return Index>

The S&P GSCI® Total Return Index is composed of commodities from 24 sectors, such as energy, precious metals, and agricultural products. The index is calculated primarily on a world production-weighted basis and is comprised of the principal physical commodities that are the subject of active, liquid futures markets. It provides investors with a reliable and publicly available benchmark of investment performance in the commodity markets.

<S&P GSCI® Precious Metals Index Total Return>

The S&P GSCI® Precious Metals Index Total Return is a sub-index series of the S&P GSCI® Commodity Index calculated by Standard & Poor's. The index is composed of the two precious metal commodities of gold and silver.

<S&P GSCI® Industrial Metals Index Total Return>

The S&P GSCI® Industrial Metals Index Total Return is a sub-index series of the S&P GSCI® Commodity Index calculated by Standard & Poor's. The index is composed of the five industrial metal commodities of aluminum, copper, lead, nickel, and zinc.

<S&P GSCI® Energy Index Total Return>

The S&P GSCI® Energy Index Total Return is a sub-index series of the S&P GSCI® Commodity Index calculated by Standard & Poor's. The index is composed of the six energy commodities of Bent crude, crude, light crude, heating oil, natural gas, and RBOB gasoline.

<S&P GSCI® Agricultural Index Total Return>

The S&P GSCI® Agricultural Index Total Return is a sub-index series of the S&P GSCI® Commodity Index calculated by Standard & Poor's. The index is composed of the eight agricultural commodities of cocoa, coffee, corn, cotton, Kansas wheat, soybeans, sugar, and wheat.

<S&P GSCI® Grain Index Total Return>

The S&P GSCI® Grain Index Total Return is a sub-index series of the S&P GSCI® Commodity Index calculated by Standard & Poor's. The index is composed of the five grain commodities of corn, Kansas wheat, wheat, soybeans and Chicago wheat.

<S&P GSCI® Softs Index Total Return>

The S&P GSCI® Softs Index Total Return is a sub-index series of the S&P GSCI® Commodity Index calculated by Standard & Poor's. The index is composed of the four soft agricultural commodities of cocoa, sugar, coffee, and cotton.

<S&P GSCI® Livestock Index Total Return>

The S&P GSCI® Livestock Index Total Return is a sub-index series of the S&P GSCI® Commodity Index calculated by Standard & Poor's. The index is composed of the three livestock commodities of beef cattle, lean hogs, and live cattle.

For more information on TSE-listed ETFs and ETNs, please refer to the following page:

Contact

Tokyo Stock Exchange, Inc.
New Listings Department
Tel: +81-3-3666-0141(Switchboard)

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