Sign up for free newsletter

 

Two fingers

UBS ETRACS launches 2x leveraged version of non-energy MLP ETN

Thu, 26/06/2014 - 10:00

UBS Investment Bank has launched the ETRACS Monthly Pay 2x Leveraged Wells Fargo MLP Ex-Energy ETN (LMLP), which is linked to the monthly compounded 2x leveraged performance of the Wells Fargo Master Limited Partnership Ex-Energy Index.

UBS says the new ETN provides significant income potential in the form of a variable monthly coupon linked to 2x the cash distributions, if any, on the index constituents.
 
There is a monthly compounded 2x leveraged exposure to the Wells Fargo MLP Ex-Energy Index, less investor fees.
 
There is 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," says Christopher Yeagley, head of ETRACS. "We expect LMLP to provide significant income potential."


Subscribe to free daily newsletter
latestjobs
Consumer & Retail Investment Banking Professional

Wed, 01 Apr 2015 00:00:00 GMT

Vice President of TMT Investment Banking

Wed, 01 Apr 2015 00:00:00 GMT

Debt Capital Markets Analyst/Associate

Wed, 01 Apr 2015 00:00:00 GMT

events
3 days 22 hours from now - New Jersey
1 week 22 hours from now - Zurich
1 week 3 days from now - New York
1 week 3 days from now - San Francisco
specialreports