iPath Series B US Treasury 10-year Bear ETN (BTYS)

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The investment seeks to inversely link to the performance of the Barclays 10Y US Treasury Futures Targeted Exposure Index™ (the "index") that Barclays Bank PLC may issue from time to time. The index seeks to produce returns that track movements in response to an increase or decrease, as applicable, in the yields available to investors purchasing 10-year U.S. Treasury notes ("10-year Treasury notes").