ETRACS 2x Leveraged US Growth Factor TR ETN
- Current Indicative Value
- 12/20/2024 | 06:59 pm
- USD 49.72
- Current Spot Price USD 49.65
- 12/20/2024 | 04:10 pm
Profile
CUSIP | 90278V305 |
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 | Russell 1000 Growth 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 Growth Factor TR ETN is designed to provide 2 times leveraged long exposure to the compounded quarterly performance of the Russell 1000 Growth TR USD Index, less financing costs and tracking fees. The underlying total return index measures the performance of the large-cap growth segment of the U.S. equity market. It includes those Russell 1000® companies with higher price-to-book ratios and higher 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.