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MicroSectors U.S. Big Oil 3x Leveraged ETNs due February 17, 2045
These senior, unsecured, medium-term notes, issued by Bank of Montreal, are designed to provide investors with a return equivalent to three times the daily performance of their underlying index, compounded daily. However, potential returns are reduced by an ongoing Daily Investor Fee, a Daily Financing Charge, and, if applicable, a Redemption Fee. The benchmark for these notes is an equally-weighted index comprising the ten U.S.-listed companies with the largest market capitalization within the energy and oil sector.
microsectors.com/big-oil
Ticker
NRGU
Market cap
$74.90M
IPO Date
Apr 10, 2019
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