"Our estimated value of the ETNs as of the inception date is $50.00 per ETN"… an additional 50,000,000 ETNs, principal amount $10 per ETN, were issued on April 16, 2020. ...If you hold your ETNs to maturity, you will receive a cash payment per ETN at maturity in U.S. dollars equal to the closing indicative value on the final valuation date."
@ 2.60-2.80 current pps, hmmmm….
SOURCE: page 1: OIL Prospectus, 4/20/2020 Pricing Supplement
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