ETRACS Diversified High Income ETN

  • Current Indicative Value
  • 07/25/2014 | 06:01 pm
  • USD 26.53
  • Last close USD 26.56
  • 7/24/2014

Profile

CUSIP 90267L805
Primary exchange NYSE Arca
Initial trade date 9/18/2013
Maturity date 9/18/2043
Annual Tracking Rate 0.84%, accrued on a daily basis
Index Yield1 7.71%
Underlying Index NYSE Diversified High Income Index

See 'Key Considerations' above as well as the 'Important legal information specific to ETRACS ETNs' link below for more information.

1The Index Yield is calculated as of September 13, 2013 by the sponsor of the Index, NYSE Group, Inc. Because the Index Yield does not reflect investor fees or applicable withholding taxes, and the variable monthly coupon that may be paid by the ETN, if any, is subject to fees and withholding taxes, the yield on the ETNs will always be less than the Index Yield (and the total return on the ETNs will always be less than the total return on a hypothetical direct investment in the Index or Index constituents). Investors are not guaranteed any coupon or distribution amount under the ETN.

About the ETN

The ETRACS Diversified High Income ETN (NYSE: DVHI) (“DVHI” or the “ETN”) is an exchange-traded note linked to the performance of the NYSE® Diversified High Income Index.  DVHI has been approved for listing on the NYSE Arca® exchange (subject to official notice of issuance), is denominated in USD, and pays a USD-denominated variable monthly coupon linked to the cash distributions, if any, on the Index constituents, less investor fees and any withholding taxes.

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

  • Significant income potential in the form of a variable monthly coupon linked to the cash distributions, if any, on the Index constituents, less investor fees and any withholding taxes
  • Tracks an index comprised of a diversified portfolio of 138 publicly-traded, income-producing securities 
  • Convenience of an exchange-traded security