ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN

  • Current Indicative Value
  • 07/18/2024 | 06:59 pm
  • USD 19.62
  • Current Spot Price USD 19.62
  • 07/18/2024 | 04:10 pm


CUSIP 90269A286
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 3m CME Term SOFR + 0.2616% adjustment + 0.95%
Underlying Index S-Network Composite Closed-End Fund Index
Coupon Frequency Monthly

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 Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN is designed to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the S-Network Composite Closed-End Fund Index, less financing costs and tracking fees, and may pay a variable monthly coupon linked to the leveraged cash distributions associated with the underlying Closed-End Fund index constituents. Note that if the index constituents do not make distributions, 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.