PYPE: linked to the NYSE® Pickens Core Midstream Index
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 Wells Fargo Business Development Company Index, Series B
BDCX: linked to the Wells Fargo Business Development Company
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 12
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)
PYPE**
ETRACS NYSE® Pickens Core MidstreamTM
Index ETN
03/30/2023
4/12/2023
4/13/2023
4/21/2023
$0.3382
Quarterly
6.51%
MLPB**
ETRACS Alerian MLP Infrastructure Index
ETN Series B
03/30/2023
4/12/2023
4/13/2023
4/21/2023
$0.3267
Quarterly
6.86%
AMNA**
ETRACS Alerian Midstream Energy Index
ETN
03/30/2023
4/12/2023
4/13/2023
4/21/2023
$0.5524
Quarterly
6.08%
AMND**
ETRACS Alerian Midstream Energy High
Dividend Index ETN
03/30/2023
4/12/2023
4/13/2023
4/21/2023
$0.6779
Quarterly
7.23%
MLPR**
ETRACS Quarterly Pay 1.5x Leveraged
Alerian MLP Index ETN
03/30/2023
4/12/2023
4/13/2023
4/21/2023
$1.2713
Quarterly
12.06%
BDCZ**
ETRACS Wells Fargo Business Development
Company Index ETN Series B
03/30/2023
4/12/2023
4/13/2023
4/21/2023
$0.4318
Quarterly
10.22%
BDCX**
ETRACS Quarterly Pay 1.5x Leveraged Wells
Fargo BDC Index ETN
03/30/2023
4/12/2023
4/13/2023
4/21/2023
$1.2099
Quarterly
16.91%
HDLB***
ETRACS Monthly Pay 2xLeveraged US High
Dividend Low Volatility ETN Series B
03/30/2023
4/12/2023
4/13/2023
4/21/2023
$0.1352
Monthly
12.15%
SMHB***
ETRACS Monthly Pay 2xLeveraged US Small
Cap High Dividend ETN Series B
03/30/2023
4/12/2023
4/13/2023
4/21/2023
$0.1820
Monthly
23.25%
PFFL***
ETRACS Monthly Pay 2x
Leveraged Preferred Stock ETN
03/30/2023
4/12/2023
4/13/2023
4/21/2023
$0.1258
Monthly
11.84%
CEFD***
ETRACS Monthly Pay 1.5X Leveraged
Closed-End Fund Index ETN
03/30/2023
4/12/2023
4/13/2023
4/21/2023
$0.2683
Monthly
14.10%
MVRL***
ETRACS Monthly Pay 1.5x Leveraged Mortgage
REIT ETN
03/30/2023
4/12/2023
4/13/2023
4/21/2023
$0.6817
Monthly
19.23%
* 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 convenes the global ecosystem for investing, where people
and ideas are connected and opportunities brought to life, and
provides financial advice and solutions to wealthy, institutional
and corporate clients worldwide, as well as to private clients in
Switzerland. UBS offers investment solutions, products and
impactful thought leadership, is the leading global wealth manager,
provides large-scale and diversified asset management, focused
investment banking capabilities, and personal and corporate banking
services in Switzerland. The firm focuses on businesses that have a
strong competitive position in their target markets, are capital
efficient and have an attractive long-term structural growth or
profitability outlook.
1 Individual investors should instruct their
broker/advisor/custodian to call us or should call together with
their broker/advisor/custodian.
UBS is present in all major financial centers worldwide. It has
offices in more than 50 regions and locations, with about 30% of
its employees working in the Americas, 30% in Switzerland, 19% in
the rest of Europe, the Middle East and Africa and 21% in Asia
Pacific. UBS Group AG employs more than 72,000 people around the
world. Its 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 Market Vectors
Index Solutions 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 Monthly Pay
1.5x Leveraged Mortgage REIT ETN (“ETN”) is not sponsored,
endorsed, sold or promoted by Market Vectors Index Solutions 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 MVIS Business Development Companies Index ETN and the
ETRACS Quarterly Pay 1.5x Leveraged MVIS BDC Index ETN (“ETNs”) are
not sponsored, endorsed, sold or promoted by Market Vectors Index
Solutions 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 MVIS US Business Development Companies Index to track the
performance of the US BDC market. The ETNs are not sponsored,
endorsed, sold or promoted by Market Vectors Index Solutions 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 MVIS US
Business Development Companies Index to track the performance of
the US BDC market.
Source ICE Data Indices, LLC, is used with permission. “NYSE®”
is a service/trade mark of ICE Data Indices, LLC or its affiliates
and has been licensed, along with the NYSE® Pickens Core
MidstreamTM Index (“Index”) for use by UBS AG in connection with
ETRACS NYSE® Pickens Core MidstreamTM Index ETN (the “Product”).
Neither UBS AG nor the Product, as applicable, is sponsored,
endorsed, sold or promoted by ICE Data Indices, LLC, its affiliates
or its Third Party Suppliers (“ICE Data and its Suppliers”). ICE
Data and its Suppliers make no representations or warranties
regarding the advisability of investing in securities generally, in
the Product particularly, the Trust or the ability of the Index to
track general market performance. Past performance of an Index is
not an indicator of or a guarantee of future results.
ICE Data and its suppliers disclaim any and all warranties and
representations, express and/or implied, including any warranties
of merchantability or fitness for a particular purpose or use,
including the indices, index data and any information included in,
related to, or derived therefrom (“index data”). Ice data and its
suppliers shall not be subject to any damages or liability with
respect to the adequacy, accuracy, timeliness or completeness of
the indices and the index data, which are provided on an “as is”
basis and your use is at your own risk.
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 2023. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230406005435/en/
Media contact Alison Keunen +1-212-713-2296
alison.keunen@ubs.com
Institutional Investor contact1 +1-877-387 2275
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