Product Name ETRACS 2xMonthly Leveraged Long Alerian MLP Infrastructure Index Underlying Index Alerian MLP Infrastructure Index Issuer UBS AG Current Annual Index Yield* 6.23% Current Annual Leveraged Yield* 11.61% Ticker Symbol MLPL CUSIP 902664 200 Primary Exchange NYSE Arca Initial Trade Date July 6, 2010 Maturity Date July 9, 2040 Leverage 2x Annual Tracking Fee (%)* 0.85% per annum accrued on a daily basis
ETRACS 2xMonthly Leveraged Long Alerian MLP Infrastructure Index
The ETRACS 2xMonthly Leveraged Long Alerian MLP Infrastructure Index is designed to track a leveraged investment in the Alerian MLP Infrastructure Index (the "Index"), and pay a variable quarterly coupon linked to the leveraged cash distributions associated with the underlying MLP constituents, less financing costs and investor fees. The Index, comprised of 25 energy infrastructure Master Limited Partnerships, is a liquid, midstream-focused subset of the Alerian MLP Index (NYSE: AMZ). The Index, whose constituents generally earn the majority of their cash flow from the transportation and storage of energy commodities, provides investors with a benchmark for the infrastructure component of this emerging asset class. The Index is calculated using a capped, float-adjusted, capitalization-weighted methodology that results in greater diversification versus a pure market capitalization-weighted index.
The Index was created in March 2008 and has no performance history prior to that date.