Exchange traded notes


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Exchange Traded Notes (ETN)

Unsecured, unsubordinated debt securities that are traded on an exchange and offer returns based on the performance of a market index upon maturity. As they are issued by an underwriting bank, their value also depends on the credit rating of the issuer.

Exchange Traded Note

A debt security issued by a financial institution with no coupon and no principal protection. That is, unlike other bonds, the issuer of an exchange traded note is not required to repay the principal at maturity. Rather, the return on an exchange traded note is determined by the performance of some stated market index. Exchange traded notes are negotiable securities traded on an exchange. They often have maturities as long as 30 years.

Exchange traded notes.

Exchange traded notes (ETNs) are debt securities issued by a financial institution, listed on a stock exchange, and traded in the secondary market.

Unlike regular bonds, there are no periodic interest payments, and your principal isn't protected. So you could lose some of or all the amount you invest.

You can sell your ETN in the secondary market at its current price or hold it until maturity, though that may be 30 years in the future.

The price in the secondary market is determined by supply and demand, the current performance of the index, and the credit rating of the ETN issuer. At maturity, the issuer pays a return linked to the performance of the market index, such as a commodity index, to which the ETN is linked, minus the issuer's annual fee.

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References in periodicals archive ?
The JPMorgan Alerian MLP Index Exchange Traded Notes are listed on the NYSE Arca under the symbol "AMJ.
NEW YORK -- Deutsche Bank today announced that it will redeem all outstanding PowerShares DB Crude Oil Double Long Exchange Traded Notes (NYSE: DXO; TSX: DOU)("the Notes").
The RBC Yorkville MLP Distribution Growth Leaders exchange traded notes are senior, unsecured debt securities issued by RBC that are linked to the return of the Yorkville MLP Distribution Growth Leaders Liquid PR Index.
NEW YORK -- Deutsche Bank today announced that it will suspend, with immediate effect, any further issuance of the PowerShares DB Agriculture Double Long Exchange Traded Notes (Symbol: DAG) ("the Notes").
Market capitalization (Excluding ETNs): -- Equities:US$202 billion; -- Bonds:US$209 billion -- Daily Turnover Y-T-D : -- Equities (Including ETNs):US$366 million; -- Government Bonds:US$836 million -- Corporate Bonds(Including ETNs):US$282 million -- Treasury Bills:US$134 million -- TA-25 Index Options:209 thousand of contracts --461 equity companies --54 companies cross-listed abroad --640 Exchange Traded Notes (ETN's) --32 series of government bonds --597 series of corporate bonds --65 series of Institutional bonds --1,376 mutual funds
NEW YORK -- On June 29 Invesco PowerShares Capital Management, LLC and Deutsche Bank launched two Exchange Traded Notes (ETNs) linked to CBOT Ultra T-Bond futures ("Ultra Bond futures").
The fundamental ETF dataset, including Exchange Traded Notes (ETN), is an extensive database of reference, financial and price related information covering all U.
Long B Leveraged Exchange Traded Notes Linked to the S&P 500[R] Total Return Index(SM)(ticker BXUB)
NEW YORK -- Deutsche Bank and Invesco PowerShares Capital Management, LLC today announced the launch of six Exchange Traded Notes (ETNs) linked to the foreign sovereign bond futures.
NEW YORK -- UBS Investment Bank announced today that it has added to its suite of E-TRACS Exchange Traded Notes ("ETNs") with a first-to-market E-TRACS linked to the Wells Fargo([R]) Business Development Company ("BDC") Index, offering diversified exposure to BDCs with the convenience of an exchange traded security.
NEW YORK -- UBS Investment Bank announced today that it has expanded its UBS E-TRACS Exchange Traded Notes (ETNs) platform by adding a new ETN linked to the Dow Jones-UBS Commodity Index.
NYSE: GS) announced today the quarterly income distribution for the Claymore CEF Index-Linked GS Connect (SM) Exchange Traded Notes (NYSE Arca: GCE).