ETRACS Monthly Reset 2xLeveraged S&P 500® Total Return ETN

  • Current Indicative Value
  • 10/21/2014 | 12:27 pm
  • USD 27.15
  • Last close USD 26.31
  • 10/20/2014

Profile

CUSIP 90270L792
Primary exchange NYSE Arca
Initial trade date 3/25/2014
Maturity date 3/25/2044
Leverage 2x
Annual Tracking Rate 0.85%, accrued on a daily basis
Underlying Index S&P 500 TR 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 Reset 2xLeveraged S&P 500® Total Return ETN (NYSE: SPLX) (“SPLX” or the “ETN”) is an exchange-traded note linked to the monthly compounded 2x leveraged performance of the S&P 500® Total Return Index (the "Index"), less the Accrued Fees.  As a "total return index", the Index reflects both the price performance of the Index constituents and the reinvestment of dividends on the Index constituents.  SPLX has been approved for listing on the NYSE Arca® exchange (subject to official notice of issuance) and is denominated in USD.

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 performance of the S&P 500® Total Return Index, which includes both the price performance of the Index constituents and the reinvestment of dividends on the Index constituents.
  • 2x leverage resets monthly (12 times per year) rather than daily (approximately 252 times per year).