ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN

  • Current Indicative Value
  • 12/17/2014 | 08:14 pm
  • USD 23.34
  • Last close USD 23.34
  • 12/16/2014

Profile

CUSIP 90270L842
Primary exchange NYSE Arca
Initial trade date 12/10/2013
Maturity date 12/10/2043
Leverage 2x
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.

Exchange-traded notes are senior, unsecured, unsubordinated debt securities that provide investors with exposure to the total returns of various market indices, including those linked to stocks, bonds, commodities and/or currencies, less investor fees. ETRACS offers innovative investment products with easy access to markets and strategies that may not be readily available in the existing marketplace.

Key features

  • Monthly compounded 2x leveraged exposure to the ISE High Income™ Index, an index comprised of a diversified portfolio of 30 income-producing, closed-end funds.
  • Significant income potential in the form of a variable monthly coupon linked to 2 times the cash distributions, if any, on the Index constituents.
  • Leverage that is reset monthly, not daily.