ETRACS Linked to the NYSE® Pickens Core Midstream Index

  • Current Indicative Value
  • 04/20/2021 | 04:29 pm
  • USD 16.67
  • Current Spot Price USD 16.66
  • 04/20/2021 | 04:10 pm

Profile

CUSIP 90274E257
Primary exchange NYSE Arca
Initial Trade Date 8/20/2018
Maturity Date 8/20/2048
Annual Tracking Rate 0.85%, accrued on a daily basis
Index Yield1 9.03%
Underlying Index NYSE® Pickens Core Midstream Index
Coupon Frequency Quarterly

See 'Key Risks' above as well as the 'Important legal information specific to ETRACS ETNs' link below for more information.

1 This figure is equal to Index Yield calculated as of November 29, 2019 by the sponsor of the Index, NYSE. Investors are not guaranteed any coupon or distribution amount under the ETN.

About the ETN

The ETRACS NYSE® Pickens Core Midstream Index ETN is an Exchange Traded Note linked to the performance of the NYSE® Pickens Core Midstream Index, less tracking fees, and may pay a variable quarterly coupon linked to the cash distributions associated with the underlying U.S. midstream energy 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.