Barclays Capital Introduces Five New Leveraged ETNs
Barclays Capital will introduce five new exchange traded notes (ETNs) to offer exposure to leveraged returns that correspond to the the S&P 500 Total Return IndexSM.
The bullish ETNs are the Long B Leveraged ETN (NYSE: BXUB) and the Long C Leveraged ETN (NYSE: BXUC).
The bearish ETNs are the Short B Leveraged ETN (NYSE: BXDB, the Short C Leveraged ETN (NYSE: BXDC) and the Short D Leveraged ETN (NYSE: BXDD).
Barclays ETN+ products have fixed maturity dates and a stop-loss mechanic resulting in automatic early redemption and an optional redemption feature for investors.
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