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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

UBS Launches ETN With High Monthly Income Potential And Leveraged Exposure To Mortgage REITs

Stocks in this article: UBS

UBS Investment Bank announced that today is the first day of trading on the NYSE Arca for the ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (NYSE: MORL). MORL is linked to the monthly compounded 2x leveraged performance of the Market Vectors ® Global Mortgage REITs Index (the “Index”), reduced by investor fees.

     

MORL Profile

Income Potential

Variable monthly coupon linked to 2 times the cash distributions, if any, of the Index constituents, less any withholding taxes

2x Index Yield* 24.82%
Underlying Index Market Vectors ® Global Mortgage REITs Index
Leverage 2x Leverage with Monthly Reset
 

* Based on 2 times the Index dividend yield calculated as of September 30, 2012 by Market Vectors. Investors are not guaranteed any coupon or distribution.

MORL Offers Investors:

  • Monthly compounded 2x leveraged exposure to the Market Vectors ® Global Mortgage REITs Index, less fees, making it the only exchange-traded product with leveraged exposure to a mortgage REIT index offered on U.S. exchanges.
  • Significant income potential in the form of a variable monthly coupon linked to 2 times the cash distributions, if any, on the index constituents, less any withholding taxes.
  • Leverage that is reset monthly, not daily.

“This ETN is designed for investors who seek a high yield and are bullish on the mortgage REIT sector,” said Paul Somma, Executive Director and Senior ETRACS Structurer. “MORL offers high monthly income potential and leveraged exposure to a mortgage REIT index, all by way of a single, exchange-traded security.”

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