ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN

  • Current Indicative Value
  • 12/17/2014 | 05:59 pm
  • USD 20.77
  • Last close USD 20.77
  • 12/17/2014

Profile

CUSIP 90269A302
Primary exchange NYSE Arca
Initial trade date 10/16/2012
Maturity date 10/16/2042
Leverage 2x
Annual Tracking Rate 0.40%, accrued on a daily basis
Underlying Index Market Vectors Global Mortgage REITs Price Index

See 'Key Considerations' above as well as the 'Important legal information specific to ETRACS ETNs' link below for more information.

About the ETN

The ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (NYSE: MORL) ("MORL" or the "ETN") is an exchange-traded note linked to the monthly compounded 2x leveraged performance of the Market Vectors® Global Mortgage REITs Index (the "Index"), reduced by the Accrued Fees. MORL is listed on the NYSE Arca exchange, is denominated in USD, and pays a USD-denominated variable monthly coupon linked to two times the cash distributions, if any, on the Index constituents, less any withholding taxes.

 

 

Key features

  • Monthly compounded 2x leveraged exposure to the Market Vectors® Global Mortgage REITs Index less fees
  • Significant income potential in the form of a variable monthly coupon linked to two times the cash distributions, if any, on the index constituents, less any withholding taxes
  • Leverage reset monthly, not daily