UBS ETRACS Monthly Pay 2X Leveraged Dow Jones International Real Estate ETN(RWXL)- NYSEARCA
RWXL Description
ETRACS Monthly Pay 2xLeveraged Dow Jones International Real Estate ETN (Ticker: RWXL) ("RWXL" or the "ETN") is an exchange-traded note linked to the monthly compounded 2x leveraged performance of the Dow Jones Global ex-U.S. Select Real Estate Securities Index (the "Index"), reduced by the accrued fees. While the Index constituents are all non-US real estate securities, RWXL is listed on the NYSE Arca exchange, is denominated in USD, and pays a USD-denominated variable monthly coupon linked to 2 times the cash distributions, if any, on the Index constituents, less any withholding taxes. Each Index constituent's closing price and cash distributions denominated in non-USD are converted to USD using the official WM/Reuters currency rates calculated at or around 4:00pm UK time.
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Sector: Financial
Industry: REIT - Diversified
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