ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN Series B
- Current Indicative Value
- 12/11/2019 | 10:55 am
- USD 14.09
- Current Spot Price USD 14.08
- 12/11/2019 | 10:55 am
Profile
CUSIP | 90269A468 |
Primary exchange | NYSE Arca |
Initial trade date | 10/24/2019 |
Maturity date | 12/10/2043 |
Leverage | 2x |
Annual Tracking Rate | 0.50%, accrued on a daily basis |
Underlying Index | ISE High Income 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 Monthly Pay 2xLeveraged Closed-End Fund ETN Series B (NYSE: CEFZ) (“CEFZ” or the “ETN”) is an Exchange Traded Note linked to the monthly compounded 2x leveraged performance of the ISE High Income™ Index, reduced by the Accrued Fees. CEFZ has been approved for listing on the NYSE Arca® exchange (subject to official notice of issuance), is denominated in USD, and pays a variable monthly coupon linked to 2 times the cash distributions, if any, on the Index constituents.
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