diff --git a/IPython/terminal/embed.py b/IPython/terminal/embed.py
index ddb1029..4efca4c 100644
--- a/IPython/terminal/embed.py
+++ b/IPython/terminal/embed.py
@@ -46,41 +46,19 @@ class EmbeddedMagics(Magics):
             print ("This embedded IPython will not reactivate anymore "
                    "once you exit.")
 
-    if sys.version_info > (3,):
-
-        @line_magic
-        def raise_on_exit(self, parameter_s=''):
-            """%raise_on_exit [True|False]: Make the current embeded kernel to raise an exception on exit.
-
-            You can change that again during current session by calling `%raise_on_exit` with `True`/`False` as parameter
-
-            This function (after asking for confirmation) sets an internal flag so
-            that an embedded IPython will raise a `KillEmbeded` Exception on exit.  This is useful to
-            permanently exit a loop that create IPython embed instance.
-
-            Available only for Python 3.
-            """
-            parameter_s = parameter_s.strip().lower()
-
-            should_raise = None
-            if parameter_s in {'yes', 'raise', 'true', '1'}:
-                should_raise = True
-            elif parameter_s in {'no', 'false', '0', 'None'}:
-                should_raise = False
-            else:
-                if self.shell.should_raise :
-                    print("The current embed instance will raise on exit, use `%raise_on_exit False` to disable")
-                    return
-                else:
-                    print("The current embed instance will not raise on exit, use `%raise_on_exit True` to enable")
-                    return
-
-            if should_raise:
-                self.shell.should_raise = True
-                print ("This embedded IPython will raise while exiting.")
-            else :
-                self.shell.should_raise = False
-                print ("This embedded IPython will not raise while exiting.")
+
+    @line_magic
+    def exit_raise(self, parameter_s=''):
+        """%exit_raise Make the current embedded kernel exit and raise and exception.
+
+        This function (after asking for confirmation) sets an internal flag so
+        that an embedded IPython will raise a `KillEmbeded` Exception on exit.
+        This is useful to permanently exit a loop that create IPython embed
+        instance.
+        """
+
+        self.shell.should_raise = True
+        self.shell.ask_exit()