MLPB: linked to the Alerian MLP Infrastructure Index,
Series B
AMNA: linked to the Alerian Midstream Energy Index
AMND: linked to the Alerian Midstream Energy Dividend
Index
MLPR: linked to the Alerian MLP Index
BDCZ: linked to the MarketVector US Business Development
Companies Liquid Index
BDCX: linked to the MarketVector US Business Development
Companies Liquid Index
HDLB: linked to the Solactive US High Dividend Low
Volatility Index Series B
SMHB: linked to the Solactive US Small Cap High Dividend
Index Series B
PFFL: linked to the Solactive Preferred Stock ETF
Index
CEFD: linked to the S-Network Composite Closed-End Fund
Index
MVRL: linked to the Market Vectors Global Mortgage REITs
Index
UBS Investment Bank today announced coupon payments for 11
ETRACS Exchange Traded Notes (the “ETNs”), all traded on the NYSE
Arca.
NYSE Ticker
ETN Name and Prospectus
Supplement*
Coupon Valuation Date
Ex- Date
Record Date
Payment Date
Coupon Amount
Payment Schedule
Current Yield (annualized)
MLPB**
ETRACS Alerian MLP Infrastructure Index
ETN Series B
4/1/2024
4/11/2024
4/12/2024
4/22/2024
$0.3583
Quarterly
5.93%
AMNA**
ETRACS Alerian Midstream Energy Index
ETN
4/1/2024
4/11/2024
4/12/2024
4/22/2024
$0.5744
Quarterly
5.42%
AMND**
ETRACS Alerian Midstream Energy High
Dividend Index ETN
4/1/2024
4/11/2024
4/12/2024
4/22/2024
$0.6772
Quarterly
6.14%
MLPR**
ETRACS Quarterly Pay 1.5x Leveraged
Alerian MLP Index ETN
4/1/2024
4/11/2024
4/12/2024
4/22/2024
$1.3562
Quarterly
9.29%
BDCZ**
ETRACS MarketVector Business Development
Companies Liquid Index ETN
4/1/2024
4/11/2024
4/12/2024
4/22/2024
$0.4599
Quarterly
9.52%
BDCX**
ETRACS Quarterly Pay 1.5x Leveraged
MarketVector BDC Liquid Index ETN
4/1/2024
4/11/2024
4/12/2024
4/22/2024
$1.2785
Quarterly
15.36%
HDLB***
ETRACS Monthly Pay 2xLeveraged US High
Dividend Low Volatility ETN Series B
4/1/2024
4/11/2024
4/12/2024
4/22/2024
$0.1523
Monthly
10.96%
SMHB***
ETRACS Monthly Pay 2xLeveraged US Small
Cap High Dividend ETN Series B
4/1/2024
4/11/2024
4/12/2024
4/22/2024
$0.1745
Monthly
16.31%
PFFL***
ETRACS Monthly Pay 2xLeveraged Preferred
Stock ETN
4/1/2024
4/11/2024
4/12/2024
4/22/2024
$0.1532
Monthly
11.88%
CEFD***
ETRACS Monthly Pay 1.5X Leveraged
Closed-End Fund Index ETN
4/1/2024
4/11/2024
4/12/2024
4/22/2024
$0.2518
Monthly
12.27%
MVRL***
ETRACS Monthly Pay 1.5x Leveraged Mortgage
REIT ETN
4/1/2024
4/11/2024
4/12/2024
4/22/2024
$0.5740
Monthly
16.02%
* The table above provides a hyperlink to the relevant
prospectus and supplements thereto for each of our ETRACS ETNs,
which are identified by their names. For more information on each
ETRACS ETN, see “List of ETNs”.
** “Current Yield (annualized)” equals the current quarterly
Coupon Amount, multiplied by four (to annualize such coupon),
divided by the closing Current Indicative Value of the ETN on its
current Coupon Valuation Date rounded to two decimal places for
ease of analysis. The Current Yield is not indicative of future
coupon payments, if any, on the ETN. You are not guaranteed any
coupon or distribution amount under the ETN.
*** “Current Yield (annualized)” equals the current monthly
Coupon Amount and the two immediately preceding monthly Coupon
Amounts, multiplied by four (to annualize such coupons), divided by
the closing Current Indicative Value of the ETN on its current
Coupon Valuation Date rounded to two decimal places for ease of
analysis. The Current Yield is not indicative of future coupon
payments, if any, on the ETN. You are not guaranteed any coupon or
distribution amount under the ETN.
Note: HDLB, SMHB and PFFL pay a variable monthly coupon linked
to 2 times the cash distributions, if any, on the respective
underlying index constituents, less withholding taxes, if any. CEFD
and MVRL pay a variable monthly coupon, and MLPR and BDCX pay a
variable quarterly coupon, each linked to 1.5 times the cash
distributions, if any, on the respective underlying index
constituents, less withholding taxes, if any. Variations in the
amount of monthly or quarterly distributions will lead to large
variations in the Current Yield as calculated above. As such, the
Current Yield is not indicative of future coupon payments, if any,
on these ETNs.
About ETRACS
ETRACS ETNs are senior unsecured notes issued by UBS AG, are
traded on NYSE Arca, and can be bought and sold through a broker or
financial advisor. An investment in ETRACS ETNs is subject to a
number of risks, including the risk of loss of some or all of the
investor’s principal, and is subject to the creditworthiness of UBS
AG. Investors are not guaranteed any coupon or distribution amount
under the ETNs. We urge you to read the more detailed
explanation of risks described under “Risk Factors” in the
applicable prospectus supplement for the ETRACS ETN.
UBS AG has filed a registration statement (including a
prospectus and supplements thereto) with the Securities and
Exchange Commission, or SEC, for the offerings of securities to
which this communication relates. Before you invest, you should
read the prospectus, along with the applicable prospectus
supplement to understand fully the terms of the securities and
other considerations that are important in making a decision about
investing in the ETRACS. The applicable offering document for each
ETRACS may be obtained by clicking on the name of each ETRACS
identified above. You may also get these documents without cost by
visiting EDGAR on the SEC website at www.sec.gov. The securities
related to the offerings are not deposit liabilities and are not
insured or guaranteed by the Federal Deposit Insurance Corporation
or any other governmental agency of the United States, Switzerland
or any other jurisdiction.
About UBS
UBS is a leading and truly global wealth manager and the leading
universal bank in Switzerland. It also provides diversified asset
management solutions and focused investment banking capabilities.
With the acquisition of Credit Suisse, UBS manages 5.5 trillion
dollars of invested assets as per second quarter 2023. UBS helps
clients achieve their financial goals through personalized advice,
solutions and products. Headquartered in Zurich, Switzerland, the
firm is operating in more than 50 countries around the globe. UBS
Group shares are listed on the SIX Swiss Exchange and the New York
Stock Exchange (NYSE).
This material is issued by UBS AG and/or any of its subsidiaries
and/or any of its affiliates ("UBS"). Products and services
mentioned in this material may not be available for residents of
certain jurisdictions. Past performance is not necessarily
indicative of future results. Please consult the restrictions
relating to the product or service in question for further
information. Activities with respect to US securities are conducted
through UBS Securities LLC, a US broker/dealer. Member of SIPC
(http://www.sipc.org/).
ETRACS ETNs are sold only in conjunction with the relevant
offering materials. UBS has filed a registration statement
(including a prospectus, as supplemented by the applicable
prospectus supplement for the offering of the ETRACS ETNs) with the
Securities and Exchange Commission (the “SEC”) for the offering to
which this communication relates. Before you invest, you should
read these documents and any other documents that UBS has filed
with the SEC for more complete information about UBS and the
offering to which this communication relates. You may get these
documents for free by visiting EDGAR on the SEC website at
www.sec.gov. Alternatively, you can request the prospectus and the
applicable prospectus supplement, by calling toll-free (+1-877-387
2275). In the US, securities underwriting, trading and brokerage
activities and M&A advisor activities are provided by UBS
Securities LLC, a registered broker/dealer that is a wholly owned
subsidiary of UBS AG, a member of the New York Stock Exchange and
other principal exchanges, and a member of SIPC. UBS Financial
Services Inc. is a registered broker/dealer and affiliate of UBS
Securities LLC.
The Dow Jones U.S. Select Dividend Index, and the S&P MLP
Index (“Indexes”) are products of S&P Dow Jones Indices LLC and
have been licensed for use by UBS AG. Copyright © 2020 S&P Dow
Jones Indices LLC (“S&P DJI”), a division of S&P Global.
All rights reserved. S&P® is a registered trademark of Standard
& Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a
registered trademark of Dow Jones Trademark Holdings LLC (“Dow
Jones”). UBS’s ETRACS Exchange Traded Notes based on the Indexes
are not sponsored, endorsed, marketed or sold by S&P DJI,
S&P, Dow Jones, their affiliates or third party licensors and
none of such parties make any representation regarding the
advisability of investing in such product(s) nor do they have any
liability for any errors, omissions, or interruptions of the
Indexes.
The financial instrument is not sponsored, promoted, sold or
supported in any other manner by Solactive AG nor does Solactive AG
offer any express or implicit guarantee or assurance either with
regard to the results of using the Index and/or Index trade mark or
the Index Price at any time or in any other respect.
Alerian MLP Index, Alerian MLP Infrastructure Index, Alerian
Midstream Energy Index, Alerian Midstream Energy Dividend Index,
AMZ, AMZI, AMNA and AEDW are trademarks of Alerian and their use is
granted under a license from Alerian.
The S-Network Composite Closed-End Fund Index is a service mark
of S-Network Global Indexes, Inc. (“S-Network”) and its use is
granted under a license from S-Network. S-Network does not
guarantee the accuracy and/or completeness of the S-Network
Composite Closed-End Fund Index or any data included therein, and
S-Network shall have no liability for any errors, omissions,
interruptions, or defects therein. S-Network makes no warranty,
express or implied, representations or promises, as to results to
be obtained by UBS AG, or any other person or entity from the use
of the S-Network Composite Closed-End Fund Index or any data
included therein. S-Network makes no express or implied warranties,
representations or promises, regarding the originality,
merchantability, suitability, non-infringement, or fitness for a
particular purpose or use with respect to the S-Network Composite
Closed-End Fund Index or any data included therein. Without
limiting any of the foregoing, in no event shall S-Network have any
liability for any direct, indirect, special, incidental, punitive,
consequential, or other damages (including lost profits), even if
notified of the possibility of such damages.
The ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (“ETN”)
is not sponsored, endorsed, sold or promoted by MarketVector
Indexes GmbH (“Licensor”) and Licensor makes no representation or
warranty, express or implied, to the owners of the ETN or any
member of the public regarding the advisability of investing in
securities generally or in the ETN particularly or the ability of
the Market Vectors® US Mortgage REITs Index to track the
performance of the US mortgage REIT market.
The ETRACS MarketVector Business Development Companies Liquid
Index ETN and the ETRACS Quarterly Pay 1.5x Leveraged MarketVector
BDC Liquid Index ETN (“ETNs”) are not sponsored, endorsed, sold or
promoted by MarketVector Indexes GmbH (“Licensor”) and Licensor
makes no representation or warranty, express or implied, to the
owners of the ETNs or any member of the public regarding the
advisability of investing in securities generally or in the ETNs
particularly or the ability of the MarketVector US Business
Development Companies Liquid Index to track the performance of the
US BDC market.
UBS specifically prohibits the redistribution or reproduction of
this communication in whole or in part without the prior written
permission of UBS and UBS accepts no liability whatsoever for the
actions of third parties in this respect.
© UBS 2024. The key symbol, UBS and ETRACS are among the
registered and unregistered trademarks of UBS. Other marks may be
trademarks of their respective owners. All rights reserved.
___________________________ 1 Individual investors should instruct
their broker/advisor/custodian to call us or should call together
with their broker/advisor/custodian.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240405787776/en/
Media Alison Keunen +1-212-713-2296
alison.keunen@ubs.com
Institutional Investor contact1 +1-877-387 2275
UBS (NYSE:UBS)
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