ETRACS 2x Leveraged US Value Factor TR ETN

  • Current Indicative Value
  • 04/20/2021 | 06:27 pm
  • USD 29.94
  • Current Spot Price USD 29.96
  • 04/20/2021 | 04:10 pm

Profile

CUSIP 90278V107
Primary exchange NYSE Arca
Initial Trade Date 2/05/2021
Maturity Date 2/09/2051
Leverage 2.00x
Annual Tracking Fee Rate 0.95%, accrued on a daily basis
Annual Financing Fee Rate 3mLIBOR + 0.95%
Underlying Index Russell 1000 Value TR USD Index

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 2x Leveraged US Value Factor TR ETN is designed to provide 2 times leveraged long exposure to the compounded quarterly performance of the Russell 1000 Value TR USD Index, less financing costs and tracking fees. The underlying total return index measures the performance of the large-cap value segment of the U.S. equity market. It includes those Russell 1000® companies with lower price-to-book ratios and lower forecasted growth values.

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.