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Investment Banking & Investment Services
Financial
ETN
Coba ETN -4x TecDAXF Daily Short Index is an exchange traded note launched by Commerzbank AG. The note seeks to track the performance of the -4x TecDAXF Daily Short Index. The index tracks four times the inverse of the daily performance of a future contract which is derived from the underlying index, the TecDAX Index. It represents the public equity markets of Germany. The index tracks short positions in the future contract on the stocks of companies operating in the technology sector. The underlying index represents the stocks of mid-cap companies. The ETN will mature on December 31, 2049. Coba ETN -4x TecDAXF Daily Short Index was formed on December 20, 2011 and is domiciled in Germany.
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