IWDL — ETRACS 2x Leveraged US Value Factor TR ETN ☆

The investment seeks to provide a 2 times leveraged return linked to the compounded quarterly performance of the Russell 1000 Value Index. The index includes approximately 1,000 of the largest securities that form the Russell 3000® Index. The index measures the performance large-cap value segments of the U.S. equity market. The index includes those Russell 1000® companies with higher or lower forecasted growth values.