Exchange Traded Notes (ETNs)

What are Exchange-Traded Notes?

An exchange-traded note is an unsecured, unsubordinated debt security that was first issued by Barclays Bank PLC. This type of debt security differs from other types of bonds and notes because ETN returns are based upon the performance of a market index minus investor fees. No period coupon payments are distributed and no principal protections exists. ETNs are technically promissory notes.

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