ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN

  • Current Indicative Value
  • 10/01/2020 | 06:12 pm
  • USD 18.09
  • Current Spot Price USD 18.07
  • 10/01/2020 | 04:00 pm

Profile

CUSIP 90274E174
Primary exchange NYSE Arca
Initial trade date 9/25/2018
Maturity date 9/25/2048
Leverage 2.00x
Annual Tracking Rate 0.85%, accrued on a daily basis
2x Index Yield1 10.96%
Underlying Index Solactive Preferred Stock ETF Index
Coupon Frequency Monthly

See 'Key Considerations' above as well as the 'Important legal information specific to ETRACS ETNs' link below for more information.

1This figure is equal to 2 times the Index Yield calculated as of September 21, 2018 by the sponsor of the Index, Solactive AG. Investors are not guaranteed any coupon or distribution amount under the ETN.

About the ETN

The ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSE: PFFL) is an exchange-traded note linked to the performance of the Solactive Preferred Stock ETF Index, less investor fees. PFFL has been approved for listing on the NYSE Arca® exchange (subject to official notice of issuance).

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.