ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN
An intraday "indicative value" is used to measure the intrinsic value of each ETN and is for reference purposes only. Note: The market price (the actual trading price) of ETNs may be different from their indicative value. ETN valuation measureCurrent Indicative Value
- 02/12/2016 | 08:14 pm
- USD 12.50
- Last close USD 12.30
|Primary exchange||NYSE Arca|
|Initial trade date||12/10/2013|
|Annual Tracking Rate||0.50%, accrued on a daily basis|
|Underlying Index||ISE High Income Index|
See 'Key Considerations' above as well as the 'Important legal information specific to ETRACS ETNs' link below for more information.
About the ETN
The ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (NYSE: CEFL) (“CEFL” or the “ETN”) is an exchange-traded note linked to the monthly compounded 2x leveraged performance of the ISE High Income™ Index, reduced by the Accrued Fees. CEFL has been approved for listing on the NYSE Arca® exchange (subject to official notice of issuance), is denominated in USD, and pays a variable monthly coupon linked to 2 times the cash distributions, if any, on the Index constituents.