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ETRACS Monthly Reset 2xLeveraged S&P 500 Total Return ETN is an exchange-traded note issued in the USA. The ETN will provide investors with a cash payment at the scheduled maturity or early redemption based on the 2x leveraged performance of the S&P 500 Total Return Index. The Index measures the price performance of, and dividends on, a basket of 500 U.S. common stocks.