ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B
- Current Indicative Value
- 12/31/1969 | 07:00 pm
- USD --
- Current Spot Price USD --
- 12/31/1969 | 07:00 pm
Profile
CUSIP | 90274E166 |
Primary exchange | NYSE Arca |
Initial Trade Date | 11/08/2018 |
Maturity Date | 11/10/2048 |
Leverage | 2.00x |
Annual Tracking Fee Rate | 0.85%, accrued on a daily basis |
Annual Financing Fee Rate | 3m CME Term SOFR + 0.2616% adjustment + 0.80% |
Underlying Index | Solactive US Small Cap High Dividend 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 is designed to provide 2 times leveraged long exposure to the compounded monthly performance of the Solactive US Small Cap High Dividend Index, less financing costs and tracking fees, and may pay a variable monthly coupon linked to the leveraged cash distributions associated with the underlying index constituents. Note that if the index constituents do not make distributions, then investors will not receive any coupons.
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