ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B
- Current Indicative Value
- 04/20/2021 | 06:59 pm
- -- 15.21
- Current Spot Price -- 15.20
- 04/20/2021 | 04:10 pm
Profile
CUSIP | 90269A484 |
Primary exchange | NYSE Arca |
Initial Trade Date | 10/24/2019 |
Maturity Date | 10/21/2049 |
Leverage | 2.00x |
Annual Tracking Rate | 0.85%, accrued on a daily basis |
Index Yield | 10.02 % |
Underlying Index | Solactive US High Dividend Low Volatility 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 2xLeveraged US High Dividend Low Volatility ETN Series B (NYSE: HDLB) (“HDLB” or the “ETN”) is an Exchange Traded Note linked to the monthly compounded 2x leveraged performance of the Solactive US High Dividend Low Volatility Index, less investor fees. HDLB has been approved for listing on the NYSE Arca® exchange (subject to official notice of issuance) and may pay a variable monthly coupon linked to 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.