The iPath LE S&P 500 VIX Mid-Term Futures ETN (II) is an exchange-traded note issued in the USA. The ETNs provide investors with a cash payment at the scheduled maturity or optional redemption based on a leveraged participation in the S&P 500 VIX Mid-Term Futures Index. The ETNs will automatically be redeemed if their value falls to or below $10 per note.
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