ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN
- Current Indicative Value
- 12/11/2019 | 10:57 am
- USD 28.26
- Current Spot Price USD 28.55
- 12/11/2019 | 10:57 am
Profile
CUSIP | 90274R100 |
Primary exchange | NYSE Arca |
Initial trade date | 5/05/2015 |
Maturity date | 5/05/2045 |
Leverage | 2x |
Annual Tracking Rate | 0.85%, accrued on a daily basis |
2x Index Yield1 | 7.45% |
Underlying Index | MSCI US REIT Index |
See 'Key Considerations' above as well as the 'Important legal information specific to ETRACS ETNs' link below for more information.
1 This figure is equal to 2 times the Index Yield calculated as of April 30, 2015 by the sponsor of the Index, MSCI. Investors are not guaranteed any coupon or distribution amount under the ETN.
About the ETN
The ETRACS Monthly Pay 2xLeveraged MSCI US REIT Index ETN (NYSE: LRET) (“LRET”) is an Exchange Traded Note linked to the monthly compounded 2x leveraged performance of MSCI US REIT Index, less investor fees. LRET has been approved for listing on the NYSE Arca® exchange (subject to official notice of issuance) and pays a variable monthly coupon linked to the cash distributions, if any, on the Index constituents.