Seeking Alpha

DSXJ
  JPMorgan Quarterly Double Short U.S. 10 Year Treasury Futures ETN - NYSEARCA

10/1/2014, 8:29 AM ET
DSXJ is defunct since October 3, 2013. Redeemed
DSXJ Description
The JPMorgan Double Short US 10 Year Treasury Futures ETNs ("ETNs") are designed to provide investors a convenient way to implement and monetize a rising rates view at the medium part of the US Treasury curve. Subject to the resetting leverage, this allows for the possibility to profit from an expectation of rising interest rates. The ETNs are inversely linked to the performance of the NYSE US 10 Year Treasury Futures Index (the "Index"). The Index seeks to replicate the returns of maintaining a long position in the medium portion of the US Treasury curve. The ETNs provide double inverse leveraged exposure to the Index, from one reset date to the next and less Investor Fees**, so that you positively benefit from a fall in the price of the Index due to a rise in prevailing yields. The ETNs are senior, unsecured obligations of JPMorgan Chase & Co. and are subject to optional and early redemption at the discretion of JPMorgan Chase & Co. after one year.
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Country: United States
Key Info
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