ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B
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.Current Indicative Value
- 04/28/2017 | 06:59 pm
- USD 23.61
- Last close USD 23.60
|Primary exchange||NYSE Arca|
|Initial trade date||10/08/2015|
|Annual Tracking Rate||0.85%, accrued on a daily basis|
|Underlying Index||Wells Fargo Business Development Company 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 Linked to the Wells Fargo Business Development Company Index ETN Series B due April 26, 2041 is designed to track an investment in the Wells Fargo Business Development Company Index ("Index"), and may pay a variable quarterly coupon linked to the cash distributions associated with the underlying BDC constituents, less investor fees. Note that if the BDCs do not make distributions or those distributions do not overcome the investor fees, then investors will not receive any coupons.