Ubs Etracs launches 2x Leveraged Version of Non-Energy MLP ETN Offering Significant Monthly Income Potential

UBS Investment Bank announced that 25th June 2014 is the first day of trading on the NYSE Arca®  for the ETRACS Monthly Pay 2xLeveraged Wells Fargo® MLP Ex-Energy ETN.  LMLP is linked to the monthly…


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compounded 2x leveraged performance of the Wells Fargo® Master Limited Partnership Ex-Energy Index.

LMLP Profile
Underlying Index:   Wells Fargo® Master Limited Partnership Ex-Energy Index
2x Index Yield:*   15.24%
Income Potential:   Variable monthly coupon linked to 2 times the cash distributions, if any, of the Index constituents  
 
*This figure is equal to two times the Index Yield calculated as of June 20, 2014 by the sponsor of the Index, Wells Fargo Securities, LLC. Investors are not guaranteed any coupon or distribution amount under the ETN.
 
LMLP Offers Investors:
•  Significant income potential in the form of a variable monthly coupon linked to 2x the cash distributions, if any, on the Index constituents.
•  Monthly compounded 2x leveraged exposure to the Wells Fargo® MLP Ex-Energy Index, less investor fees.
•  2x exposure to an index comprised of publicly traded companies organized as either a Limited Liability
Company or Limited Partnership that derive a majority of their income from non-energy related activities.
 
“We are pleased to offer investors the opportunity to obtain 2x leveraged exposure to the Wells Fargo® Master Limited Partnership Ex-Energy Index”, said Christopher Yeagley, Head of ETRACS.  “We expect LMLP to provide significant income potential.”

Source: ETFWorld.com


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