NEW YORK--(BUSINESS WIRE)--Barclays Bank PLC and Pacer Financial LLC announced today a partnership focused on marketing and education for the iPath® Gold ETNs. As part of the agreement with Barclays, Pacer will provide marketing, educational and promotional services in connection with the marketing for sale of the ETNs.

Barclays additionally announced today that it plans to change the name for the iPath® Gold ETNs, which are currently listed on the New York Stock Exchange under the ticker symbol “GBUG”. The current and proposed names for the ETNs are listed in the table below. The ETNs will continue to trade under the same ticker symbol following the name change, which will be effective before the open of trading on September 14, 2020.

The partnership combines Pacer’s distribution capabilities across a wide array of investment offerings, with Barclays' brand and position in exchange-traded notes.

"Investors have witnessed an incredible performance in gold this year, and investor appetite is strong for products that can offer both exposure to this safe haven asset and minimal fees" said Sean O’Hara, Director at Pacer Financial. "Partnering with Barclays' iPath business was a natural choice. Combining our firms' efforts provides an advantageous position to bolster this investment product through education and marketing. Two areas we thrive in."

“We are excited to enter a distribution and innovation partnership with Pacer on our core suite of iPath Commodity ETNs.” said Gavin Filmore, Head of Exchange Traded Product Platforms, at Barclays. “The commodities asset class continues to offer investors the potential for strategic diversification and tactical investment opportunities. iPath Commodities ETNs are generally used as part of a larger asset allocation toolkit for advisors, and since 2006, have had a unique role to play in many investor portfolios.”

“This partnership provides an opportunity to expand upon the strategic expertise from both Pacer and Barclays,” said Joe Thomson, President at Pacer Financial. “Our shared experience and resources in marketing and distribution, paired with the timely strategy behind the iPath® Gold ETN, brings a unique solution for investors eager to capitalize on the commodities market.”

The prospectus relating to the ETNs can be found on EDGAR, the SEC website at: www.sec.gov, as well as on the product website at the link listed below:

http://www.ipathetn.com/GBUGprospectus

About Barclays

Barclays is a British universal bank. We are diversified by business, by different types of customer and client, and geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group. Barclays offers investment banking products and services in the US through Barclays Capital Inc. For further information about Barclays, please visit our website home.barclays.com

About Pacer Financial LLC

Pacer Financial’s mission is to use our experience and position in the financial services network to grow the businesses of our distribution partners and financial advisors. Pacer Financial does this by working with our distribution partners to bring products and ideas to financial advisors that address the challenges of the current market and meet the needs of investors. Pacer Financial is selective in our collaborations with distribution partners – only choosing a small group of partners with diverse and innovative strategies that address wealth accumulation and distribution, downside protection and taxes. Pacer Financial only works through retail broker-dealers and registered investment advisors. We do not work with the public directly. Pacer Financial, Inc., member FINRA, SIPC is the distributor for Pacer ETFs.