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iPath® S&P MLP ETN (IMLP)

The iPath® S&P MLP ETN is linked to the performance of the consolidated Volume-Weighted Average Price ("VWAP") level of the S&P MLP Index (the "Index"), and is designed to pay a quarterly coupon. The S&P MLP Index is designed to provide exposure to leading partnerships that trade on major U.S. exchanges and are classified in the GICS® Energy Sector and GICS® Gas Utilities Industry. The S&P MLP Index includes both master limited partnerships and publicly traded limited liability companies which have a similar legal structure to MLPs and share the same tax benefits as MLPs.

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