MicroSectors™ U.S. Big Oil Index -2X Inverse Leveraged ETNs
Product Details |
|
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Primary Exchange |
NYSE Arca |
ETN Ticker |
NRGZ |
Intraday Indicative Value Ticker |
NRGZIV |
Underlying Ticker |
SOLUSBOT |
CUSIP |
63679732 |
Issue Date |
April 12, 2019 |
Maturity Date |
March 25, 2039 |
Daily Market Data |
(as of Dec 24, 2020) |
Closing Indicative Note Value |
$20.2959 |
---|---|
Market Capitalization |
$10,147,950 |
ETNs Outstanding |
500,000 |
Description |
The return on the MicroSectors™ U.S. Big Oil Index -2X Inverse Leveraged ETNs (-2X ETNs) is linked to a two times inverse leveraged participation in the performance of the Index, compounded daily, minus the applicable fees. The ETNs provide inverse leveraged exposure to the Solactive MicroSectors™ U.S. Big Oil Index. The Solactive MicroSectors™ U.S. Big Oil Index, an equal-dollar weighted index, was created by Solactive AG in 2019 to provide exposure to the 10 largest U.S. energy and oil companies. MicroSectors™ provide concentrated exposure to 10 stocks in a given sub-sector, or “microsector”. |
Key Risks |
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Documents |
Fact Sheet Pricing_Supplement |