UBS Investment Bank today announced that it will redeem all of
the outstanding securities in each of the series set forth in the
following table (collectively, the "Affected Securities"):
NYSE ArcaTicker
ETN Name and Prospectus / Pricing Supplement*
CUSIP Call Settlement Date MLPS
ETRACS 1xMonthly Short Alerian MLP
Infrastructure Total Return Index ETN
902641612 June 26, 2018 UBM
ETRACS UBS Bloomberg CMCI Industrial
Metals Total Return ETN
902641752 June 26, 2018 UBN
ETRACS UBS Bloomberg CMCI Energy Total
Return ETN
902641745 June 26, 2018 UBC
ETRACS UBS Bloomberg CMCI Livestock Total
Return ETN
902641828 June 26, 2018 LSVX
VelocitySharesTM VIX Variable Long/Short
ETN
90274D176 June 26, 2018 BSWN
VelocitySharesTM VIX Tail Risk ETN
90274D168 June 26, 2018 XIVH
VelocitySharesTM Short Volatility Hedged
ETN
90274D150 June 26, 2018 SPLX
ETRACS Monthly Reset 2xLeveraged S&P
500® Total Return ETN
90270L792 June 26, 2018
* The table above provides a hyperlink to the relevant
prospectus, as supplemented by a prospectus supplement or product
supplement and pricing supplement, as applicable, for each of the
Affected Securities, which are identified by their names.
Capitalized terms used but not defined herein shall have the
meanings ascribed to such terms in the relevant prospectus and (i)
prospectus supplement or (ii) product supplement and pricing
supplement, as applicable, for the Affected Securities.
With respect to each series of Affected Securities, the Call
Settlement Amount (or, in the case of UBM, UBN, and UBC, the
Redemption Amount) payable on the Call Settlement Date will be
calculated as specified in the relevant prospectus and (i)
prospectus supplement or (ii) product supplement and pricing
supplement, as applicable, for the Affected Securities. UBS will
pay the applicable Call Settlement Amount or Redemption Amount to
investors holding Affected Securities on the applicable Call
Settlement Date.
Each series of Affected Securities will be delisted from the
NYSE Arca exchange prior to the open of trading on the Call
Settlement Date.
Holders of the Affected Securities may choose to continue to
hold their securities until the Call Settlement Date or choose to
sell or redeem their Affected Securities prior to the applicable
Call Settlement Date, in accordance with the terms of the Affected
Securities.
None of the other ETNs offered by UBS are affected by this
announcement.
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, or product supplement and pricing
supplement, as applicable, 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 applicable prospectus, pricing or product supplement,
dated as of various dates, and the prospectus dated April 29, 2016
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 in the table above. You may also get these documents
without cost by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, you can request the applicable prospectus
supplement, or product supplement and pricing 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 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 provides financial advice and solutions to wealthy,
institutional and corporate clients worldwide, as well as private
clients in Switzerland. UBS' strategy is centered on our leading
global wealth management business and our premier universal bank in
Switzerland, enhanced by Asset Management and the Investment Bank.
The bank focuses on businesses that have a strong competitive
position in their targeted markets, are capital efficient, and have
an attractive long-term structural growth or profitability
outlook.
UBS is present in all major financial centers worldwide. It has
offices in 52 countries, with about 34% of its employees working in
the Americas, 34% in Switzerland, 18% in the rest of Europe, the
Middle East and Africa and 14% in Asia Pacific. UBS Group AG
employs approximately 61,000 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, or product supplement and pricing
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.
Alerian MLP Index, Alerian MLP Infrastructure Index, Alerian
Natural Gas MLP Index, AMZ, AMZI, and ANGI are trademarks of
Alerian and their use is granted under a license from Alerian.
The S&P 500® Total Return Index is a product of S&P Dow
Jones Indices LLC or its affiliates ("SPDJI"), and has been
licensed for use by UBS AG. Standard & Poor's® and S&P® are
registered trademarks of Standard & Poor's Financial Services
LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones
Trademark Holdings LLC ("Dow Jones"); and these trademarks have
been licensed for use by SPDJI and sublicensed for certain purposes
by UBS AG. ETRACS Monthly Reset 2xLeveraged S&P 500® Total
Return ETN is not sponsored, endorsed, sold or promoted by SPDJI,
Dow Jones, S&P, their respective affiliates, 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 S&P 500® Total
Return Index.
Chicago Board of Options Exchange (CBOE) Volatility Index®
(VIX®) shows the market’s expectation of 30-day volatility. It is
constructed using the implied volatilities of a wide range of
S&P 500 index options and is a widely used measure of market
risk and is often referred to as the “investor fear" gauge. The
VIX® volatility methodology is the property of CBOE, which is not
affiliated with Janus Distributors LLC.
VelocityShares is a trade name used by Janus Distributors LLC,
in connection with the marketing services it provides for the
VelocityShares-branded ETNs. Janus Distributors LLC, a registered
broker-dealer, does not offer or sell the ETNs, and will only
conduct business in states in which it is registered, unless it is
otherwise excluded or exempted from being registered in each state.
“VelocityShares” and the VelocityShares logo are trademarks of
Janus International Holding LLC.
Bloomberg Finance L.P. does not guarantee the quality, accuracy
and/or the completeness of the CMCI indices or any data included
therein and shall not have any liability for any data included
therein or for any errors, or omissions or interruptions in the
calculation and/or dissemination of the CMCI indices. Bloomberg
Finance L.P. makes no warranty, express or implied, as to results
to be obtained by UBS, owners of the securities or any other person
or entity from the use of the CMCI indices or any data included
therein or from any other use (whether directly or via any product
referenced thereto). Bloomberg Finance L.P. makes no express or
implied warranties, and to the extent permitted by law hereby
expressly disclaims all warranties of merchantability or fitness
for a particular purpose or use with respect to the CMCI indices or
any data included therein. Without limiting any of the foregoing,
to the extent permitted by law, Bloomberg Finance L.P. disclaims
any liability for any punitive, indirect, special, or consequential
damages (including lost profits), even if notified of the
possibility thereof.
UBS specifically prohibits the redistribution or reproduction of
this material 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 2018. 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.
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