SFLA - iPath Long Extended S&P 500 TR Index ETN
iPath Exchange Traded Notes (the "notes") are unsecured obligations of Barclays Bank PLC and are not secured debt. They are riskier than oridinary unsecured debt securities and have no principal protection. The principal, interest or any other amounts payable on the notes are subject to the Barclays Bank PLC's creditworthiness.
iPath Long Extended S&P 500 TR Index ETN (the "ETN") is linked to a leveraged return on the performance of the S&P 500 Total Return Index (the "Index").
The Index is a capitalization-weighted index intended to provide an indication of the pattern of stock price movement in the U.S. equities market, covering 75% of total US equities market.
The ETNs offering leveraged exposure to U.S. equities can have various uses within a portfolio including directional, cash extraction, risk/return management or arbitrage strategies and are typically short or medium-term in nature.
Further information: http://www.ipathetn.com/product/SFLA/