ETRACS 2x Monthly Leveraged Wells Fargo Diversified Business Development Company Index ETN Series B

  • Current Indicative Value
  • 12/11/2019 | 10:53 am
  • USD 26.47
  • Current Spot Price USD 26.53
  • 12/11/2019 | 10:53 am

Profile

CUSIP 90269A112
Primary exchange NYSE Arca
Initial trade date 10/24/2019
Maturity date 10/21/2049
Leverage 2x
Annual Tracking Rate 0.50%, accrued on a daily basis
Underlying Index Wells Fargo Diversified 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 2xLeveraged Long Wells Fargo Business Development Company Index ETN Series B is designed to track a leveraged investment in the Wells Fargo Business Development Company Index (the "Index"), and pay a variable quarterly coupon linked to the leveraged cash distributions associated with the underlying Business Development Company ("BDC") constituents, less financing costs and investor fees.

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.