ETRACS IFED Invest with the Fed TR Index ETN

  • Current Indicative Value
  • 12/08/2021 | 10:06 am
  • USD 27.21
  • Current Spot Price USD 27.20
  • 12/07/2021 | 04:10 pm

Illustrative Example

Capitalized terms used in the Illustrative Examples but not defined herein shall have the meanings attributed to them in the ETRACS Prospectus.

 

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, the example assumes (a) no Daily Tracking Fee is accrued during the Measurement Period and (b) the Index Closing Level remains unchanged throughout the Measurement Period.