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Barclays Bank PLC will reduce the investor fee for its iPath Pure Beta Crude Oil ETNs, effective February 1, 2021. The new fee will be 0.57% per year, a decrease from the previous rate of 0.75%. The fee is calculated daily and accumulates over time, potentially impacting the net returns for investors. Barclays has the discretion to increase this fee back up to 0.75% with prior notice. Investors should consider potential risks, including lack of principal protection and significant market risks associated with these ETNs.
