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Ipath Pure Beta Livestock Etn

iPath Series B Livestock Total Return Index ETN (NYSEArca: LSTK) is an exchange-traded note (ETN) that provides investors with exposure to the livestock sector, specifically lean hogs and live cattle. It is sponsored by Barclays Bank PLC and was listed on the NYSE Arca in 2010.

An ETN is a type of unsecured, senior debt security that is issued by a bank and is designed to provide investors with exposure to the performance of a particular market index or benchmark. The ETN does not own the underlying assets; it simply promises to pay the return of the index or benchmark, minus a fee.

The iPath Series B Livestock Total Return Index ETN is designed to track the performance of the Livestock Total Return Index, which is a rules-based index composed of futures contracts on lean hogs and live cattle. The index is intended to reflect the returns of an unleveraged investment in the futures contracts composing the index.

It's important to note that investing in ETNs, such as LSTK, carries a number of risks, including credit risk (the risk of Barclays' inability to pay the returns), market risk (the risk that the index will decline in value), and leverage risk (futures can be more volatile than the underlying assets). Additionally, because the ETN is an unsecured debt security, the investor is exposed to the credit risk of the issuer. It is important to carefully consider the risks and investment objectives before investing.

It's recommended to consult a financial advisor and thoroughly read the prospectus before making any investment decisions.