ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN  

  • Current Indicative Value
  • 10/22/2021 | 08:00 pm
  • USD 40.15
  • Current Spot Price USD 40.13
  • 10/22/2021 | 04:10 pm

Profile

CUSIP 90269A260
Primary exchange NYSE Arca
Initial Trade Date 6/02/2020
Maturity Date 6/10/2050
Leverage 1.50x
Annual Tracking Fee Rate 0.95%, accrued on a daily basis
Annual Financing Fee Rate 3mLIBOR + 0.95%
Underlying Index MVIS US Business Development Companies Index
Coupon Frequency Quarterly

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

About the ETN

The ETRACS MVIS Business Development Companies Index ETN is designed to track an investment in the MVIS US Business Development Companies 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.
 

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.