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|Coupon Valuation Date||Coupon Ex Date||Coupon Record Date||Coupon Payment Date||Coupon Amount||Coupon Yield4|
Source: Barclays. Subject to change.
1 The Daily Fee Value on any calendar day is equal to the product of (1) the closing VWAP level on such calendar day divided by the VWAP factor and (2) the Yearly ETN Fee divided by 365. Because the daily fee value is calculated and subtracted from the closing indicative value on a daily basis, the net effect of the fee accumulates over time and is subtracted at the rate of 0.95% per year.
2 The "Closing Indicative Note Value" is historical, does not guarantee future performance, and is shown for illustrative purposes only. The issuer or an affiliate will provide the official redemption value to the redeeming holder in advance of any redemption.
3 Market Capitalization = Closing Indicative Note Value x Notes Outstanding
4 "Current Yield" equals the current Coupon Amount annualized and divided by the relevant closing indicative value of the ETNs, rounded for ease of analysis. The relevant closing indicative value is the closing indicative value of the ETNs referenced in the coupon declaration press release issued for that coupon payment.
Coupon payments are calculated and paid in accordance with the terms described in the relevant prospectus. Past performance is not indicative of future results.