|iPath Pure Beta Precious Metals ETN|
|The iPath® Pure Beta Precious Metals ETN is designed to provide investors with exposure to the Barclays Commodity Index Precious Metals Pure Beta Total Return.
The Barclays Commodity Index Precious Metals Pure Beta Total Return (the "Index") is a sub-Index of the Barclays Commodity Index Pure Beta Total Return and reflects the returns that are potentially available through an unleveraged investment in two futures contracts on precious metal commodities traded on U.S. exchanges. For each commodity, the Index may roll into one of a number of futures contracts with varying expiration dates, as selected using the Barclays Pure Beta Series 2 Methodology.|
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