UBS Investment Bank has launcehd a new exchange traded note (ETN) on the NYSE Arca – the ETRACS 2xMonthly Leveraged S&P MLP Index ETN (MLPV)
The new ETN is linked to the monthly compounded 2x leveraged performance of the S&P MLP Index and offers Investors:
• Monthly compounded 2x leveraged exposure to the S&P MLP Index, less investor fees.
• Significant income potential in the form of a variable quarterly coupon linked to 2x the cash distributions, if any, on the Index constituents.
• Leverage that is reset monthly, not daily.
“We are pleased to offer investors the opportunity to obtain leveraged exposure to the S&P MLP Index”, says Richard Cea (pictured) of UBS ETRACS. “We believe MLPV can provide meaningful income potential.”
The S&P MLP Index provides investors with exposure to the leading partnerships that trade on the NYSE and NASDAQ. The Index includes both master limited partnerships (MLPs) and publicly traded limited companies (LLCs).
