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The ETRACS Monthly Pay 2xLeveraged Small Cap High Dividend ETN (NYSE: SMHD) (“SMHD” or the “ETN”) is an exchange-traded note linked to the monthly compounded 2x leveraged performance of the Solactive US Small Cap High Dividend Index, less investor fees. SMHD has been approved for listing on the NYSE Arca® exchange (subject to official notice of issuance) and pays a variable monthly coupon linked to the cash distributions, if any, on the Index constituents.
