ETRACS Alerian Midstream Energy Index ETN

  • Current Indicative Value
  • 10/29/2020 | 08:00 pm
  • USD 21.31
  • Current Spot Price USD 21.33
  • 10/29/2020 | 04:10 pm

Illustrative Examples

Capitalized terms used in the Illustrative Examples but not defined herein shall have the meanings attributed to them in the prospectus supplement for the ETRACS ETNs..

Calculation of Closing Indicative Value during a 5-day Measurement Period

The below illustrative example demonstrates how the Closing Indicative Value is calculated on each day during a five-day Measurement Period. For the ease of analysis and presentation in the example, (a) no Daily Tracking Fee or Daily Dividends are assumed to be accrued, (b) no Coupon Ex-Dates are assumed to have occurred on any day from and including the Index Business Day immediately preceding the first day of the Measurement period, (c) Accrued Dividends are equal to zero on all days of the Measurement Period, and (d) the Index Closing Level remains unchanged throughout the Measurement Period.