ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index ETN
- Current Indicative Value
- 12/11/2019 | 11:42 am
- USD 14.92
- Current Spot Price USD 14.89
- 12/11/2019 | 11:48 am
Profile
CUSIP | 90267B765 |
Primary exchange | NYSE Arca |
Initial trade date | 5/24/2011 |
Maturity date | 5/24/2041 |
Leverage | 2x |
Annual Tracking Rate | 0.85%, accrued on a daily basis |
Underlying Index | Wells Fargo Business Development Company Index |
See 'Key Considerations' above as well as the 'Important legal information specific to ETRACS ETNs' link below for more information.
About the ETN
The ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index is designed to track a leveraged investment in the Wells Fargo Business Development Company Index (the "Index"), and pay a variable quarterly coupon linked to the leveraged cash distributions associated with the underlying Business Development Company ("BDC") constituents, less financing costs and investor fees.