ETRACS 2x Leveraged MSCI US Quality Factor TR ETN

  • Current Indicative Value
  • 07/24/2024 | 08:00 pm
  • USD 43.77
  • Current Spot Price USD 43.82
  • 07/24/2024 | 04:10 pm


CUSIP 90278V503
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 3m CME Term SOFR + 0.2616% adjustment + 0.95%
Underlying Index MSCI USA Sector Neutral Quality GR 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 MSCI US Quality Factor TR ETN is designed to provide 2 times leveraged long exposure to the compounded quarterly performance of the MSCI USA Sector Neutral Quality GR USD Index, less financing costs and tracking fees. The underlying total return index aims to capture the performance of large- and mid-cap U.S. equities among the existing constituent securities of the MSCI USA Index that exhibit stronger quality characteristics relative to their peers within the same sector. The parent benchmark MSCI USA Index is designed to measure the performance of the large and mid-cap segments of the U.S. equity market.

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.