Taipei Exchange

The indicative value means a value for an ETN, calculated by the issuer based on movements in the underlying index, accrued dividends, investor fees, and other relevant data. In principle, the formula for calculating the value of the indicator is as follows. However, the value of the indicator of the ETN designed by each securities firm will be slightly different. For the calculation method of the index value of each ETN, please refer to the ETN prospectus.

The price at which an investor buys or sells an ETN will vary depending on the method of trading. When an investor places an order through a securities broker in the secondary market, the transaction price is the market price of the ETN on the day. In addition, when an investor purchases or sells back to an issuing securities firm through a securities broker, the transaction price is the indicative value of the ETN on that day. The indicative value of each ETN is calculated in a slightly different way. Investor should read carefully the ETN prospectus.