About the ETN: Standard Bank Silver-Linker ETN [JSE:SBAS1]

by , 11 November 2015

Standard Bank Silver-Linker exchange traded note (ETN) tracks the performance of the silver price in dollars per ounce. The ETN has a listing on the Johannesburg Stock Exchange…

Full name: Standard Bank Silver-Linker ETN
Short name: SBASAUG20
Ticker: SBAS1
Sector: JSE listed notes
 

Five top facts about Standard Bank Silver-Linker ETN

 
Fact #1:
ETNs are debt instruments that trade on a stock exchange. By lending money to the issuer of the ETN, your returns reflect the performance of a specific benchmark or asset. ETNs are riskier than exchange traded funds (ETFs) as they’re dependent on the issuer’s credit risk.
 
Fact #2:
Standard Bank Silver-Linker ETN listed on the Johannesburg Stock Exchange in August 2010.
 
Fact #3:
Standard Bank Silver-Linker ETN tracks the performance of the silver price in dollars per ounce. One Standard Bank Silver-Linker ETN is roughly the equivalent of 0.07 ounces of silver. 
 
Fact #4:
Standard Bank Silver-Linker ETN is for investors who want exposure to the silver price in dollars. The ETN achieves this via a total return index using the near dated US dollar commodity future, US interest rates and the US dollar/rand exchange rate.
 
Fact #5:
Standard Bank Silver-Linker ETN matures in August 2020. 
 

Standard Bank Silver-Linker ETN’s share price 

 
Chart of Standard Bank Silver-Linker ETN's share price
 

Financial information

 
For more financial information about Standard Bank Silver-Linker ETN, click here.
 
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