ETRACS Linked to the NYSE® Pickens Core Midstream Index
- Current Indicative Value
- 03/20/2023 | 01:49 pm
- USD 20.13
- Current Spot Price USD 19.93
- 03/17/2023 | 04:10 pm
Profile
CUSIP | 90274E257 |
Primary exchange | NYSE Arca |
Initial Trade Date | 8/20/2018 |
Maturity Date | 8/20/2048 |
Annual Tracking Fee Rate | 0.85%, accrued on a daily basis |
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.
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.