ETN 4%

What is an ETN?
An exchange-traded note (ETN) is a senior, unsecured, unsubordinated debt security issued by an underwriting bank. Similar to other debt securities, ETNs have a maturity date and are backed only by the credit of the issuer
 

ETNs are designed to provide investors access to the returns of various market benchmarks.

The returns of ETNs are usually linked to the performance of a market benchmark or strategy, less investor fees.

When an investor buys an ETN, the underwriting bank promises to pay the amount reflected in the index, minus fees upon maturity. Thus ETN has an additional risk compared to an ETF; if the credit of the underwriting bank becomes suspect, the investment might lose value, the same way a senior debt would.

Often linked to the performance of a market benchmark, ETNs are not equities, equity-based securities, index funds or futures. Although ETNs are usually traded on an exchange and can be sold short, ETNs don’t actually own any underlying assets of the indices or benchmarks they are designed to track.

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Who
Cirdan Capital Management
www.cirdancapital.com

Cirdan Capital Management LTD is a fintech company.
This is the arranger of the operation through of Aldburg SA emission vehicle.
Authorised and regulated by the Financial Conduct Authority – Authorization no. 744446

 

 

 

Aldburg SA

It’s a Luxembourg Public Company. It is the vehicle of
securitization that issues the note

 

 

Leonardo Consultancy Ltd

Holding company, resident in Malta, owner of the
properties through investee companies

cirdan
Performance 9/5/2019 – 7/20/2020:
 
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WHY AN ETN?

Quoted on the exchange:
ETN is listed on the Frankfurt Stock Exchange

 

Daily quotation:
The ETN can be treated daily. The customer can
sell, part or all, as you wish, entering your order directly into
market

 

Minimum investment:
€ 125,000, not for retail customers

 

Investments greater than or equal to € 125,000:
€ 1,000

It is an investment, under Luxembourg law, carried out in one of the most important and credible financial centers in Europe

 

The organizer of the transaction:
CIRDAN Capital Managent is based in London and is controlled by the FCA. He is authorized to accept investment proposals such as private placements and to act as intermediaries with the financial marke

crescita
10Y EUR Leonardo Consultancy 4%

ETN:
ISIN CODE XS2043951792

 

Underlying bond: € 10,000,000
The bond is securitized in € 1,000 note

 

For non-retail customers

 

the minimum investment is: € 125,000
and multiples of € 1,000

 

It is listed on Frankfurt stock exchange

 

Coupon distributed: 4% yearly

Duration: 10 years

4-wi
10

BOND (Millions of euros)

125.000

INVESTMENT MIN. IN EUR

4%

annual coupon

10

Duration, years