iPath, the line of exchange-traded notes backed by Barclays, is planning a line of 19 new commodity-focused exchange traded notes (ETNs).

The new line of ETNs from iPath have a couple of features that will look like many of its existing products, but with two key differences: the new line will be callable and they are 0.5% cheaper than the previous commodity ETN family, explains Olivier Ludwig for Index Universe. [Are ETFs or Mutual Funds a Better Commodity Investing Tool?]

The callability option gives Barclays a way to shut the funds should it ever have difficulty meeting its obligations under terms of the ETNs. It also brings Barclays into line with the callable feature of ETNs offered by PowerShares, which have a provision allowing them to close. [Contango and What It Means for ETFs.]

The complete list of new notes can be viewed here. Among the commodities getting exposure include lead, metals, softs, sugar, tin and livestock.

For more stories about commodities, visit our commodity ETFs category.

Tisha Guerrero contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.