UBS Announces Changes to the UBS Internet IPO Index
September 02 2011 - 10:30AM
Business Wire
UBS Investment Bank announced today that following the close of
business on September 6, 2011, the following changes to the UBS
Internet IPO Index (NYSE ticker symbol “NETIPO”) will be
implemented.
Index Additions: Carbonite Inc. (Ticker: CARB) and HomeAway Inc.
(Ticker: AWAY)
and Index Deletions: Rackspace Hosting, Inc. (Ticker: RAX),
SciQuest, Inc. (Ticker: SQI) and Responsys, Inc. (Ticker: MKTG)
About the UBS Internet IPO Index
The UBS Internet IPO Index (the “Index”) is intended to
measure, on a total-return basis, the performance of a subset of
Internet-related companies listed on the NYSE or NASDAQ that
satisfy specified market capitalization and other eligibility
requirements. The Index provides exposure specifically to those
Internet-related companies that have been publicly traded for less
than three years. The Index currently serves as the reference index
for the ETRACS Internet IPO ETN (NYSE: EIPO) and the
Monthly 2xLeveraged ETRACS Internet IPO ETN (NYSE: EIPL).
Standard & Poor’s Financial Services LLC serves as
the calculation agent for the Index. The top 10 holdings in the
Index, as of September 1, 2011, are as follows:
Name
Ticker
Weight
Rackspace Hosting, Inc. RAX 10.69% Yandex NV YNDX
10.11% LinkedIn Corporation LNKD 10.03% Pandora Media Inc. P 7.53%
Youku.com Inc.-ADR YOKU 6.90% Renren, Inc.-ADR RENN 6.74% Bankrate
Inc. RATE 5.94% Ancestry.com, Inc. ACOM 5.73% OpenTable, Inc. OPEN
5.13% Zillow, inc. Z 3.57%
Source: Standard & Poor’s, as of September 1, 2011.
About ETRACS
For further information about ETRACS ETNs, go to
http://www.etracs.com.
Exchange Traded Access Securities, ETRACS, are exchange-traded
notes (ETNs), an innovative class of investment products offering
access to markets and strategies that may not be readily available
to investors, and offer unique diversification opportunities in a
number of different sectors. ETNs offer:
- Access to asset classes with
historically low correlations to more traditional asset
classes
- Convenience of an exchange-traded
security
- Transparent exposure to a published
index
ETRACS ETNs are senior unsecured notes issued by UBS AG (“UBS”),
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. We urge you to read the more detailed
explanation of risks described under “Risk Factors” in the
prospectus supplement for the ETRACS ETN.
The contents of any website referred to in this communication
are not part of, or incorporated by reference in, this
communication. UBS has filed a registration statement (including a
prospectus, as supplemented by a prospectus supplement for the
offerings of the ETRACS ETNs) with the Securities and Exchange
Commission (the “SEC”) for the offerings 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).
© UBS 2011. The key symbol, UBS and ETRACS are among the
registered and unregistered trademarks of UBS. The UBS Internet IPO
Index is the exclusive property of UBS. UBS has contracted with
Standard & Poor’s to maintain and calculate the “UBS Internet
IPO Index”. S&P shall have no liability for any errors or
omissions in calculating the Index. UBS Securities LLC (the “Index
Sponsor”) makes no representation or warranty, express or implied,
regarding the appropriateness of investing in products referenced
to the UBS Internet IPO Index (“Index”), securities or other
financial products in general or of the ability of the Index to
track the market performance of Internet companies or the equity
markets or other financial markets in general. Other than
determining the initial Index methodology, the Index Sponsor has no
discretion in determining the constituents of the Index and any
amendment thereto, and the Index Sponsor has no obligation to
consider the needs of any counterparties or investors that have
products referenced to the Index. The Index Sponsor has all
proprietary rights with respect to the Index. Any third party
product based on or in relation to the Index (“Product”) may only
be issued upon the prior written approval of the Index Sponsor and
upon the execution of a license agreement between the Index Sponsor
and the party intending to launch a Product. In no way does the
Index Sponsor, endorse or have any other involvement in the issue
and offering of a Product. The Index Sponsor makes no
representation or warranty, express or implied, to the holders of
the Products or any member of the public regarding the advisability
of investing in the Product or other financial products generally
or in securities particularly, or as to results to be obtained from
the use of the Index or from the Product. Past performance
of the Index is not necessarily indicative of future results.
NEITHER THE INDEX SPONSOR NOR UBS GUARANTEES THE QUALITY, ACCURACY
AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED
THEREIN. NEITHER THE INDEX SPONSOR NOR UBS SHALL HAVE ANY
LIABILITY FOR ANY DATA INCLUDED THEREIN OR FOR ANY ERRORS, OR
OMISSIONS OR INTERRUPTIONS IN THE CALCULATION AND/OR DISSEMINATION
OF THE INDEX. NEITHER THE INDEX SPONSOR NOR UBS MAKES ANY WARRANTY,
EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY OWNERS OF THE
SECURITIES OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX
OR ANY DATA INCLUDED THEREIN OR FROM ANY OTHER USE (WHETHER
DIRECTLY OR VIA ANY PRODUCT REFERENCED THERETO). NEITHER THE INDEX
SPONSOR NOR UBS MAKES ANY EXPRESS OR IMPLIED WARRANTIES, AND TO THE
EXTENT PERMITTED BY LAW HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH
RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT
LIMITING ANY OF THE FOREGOING, TO THE EXTENT PERMITTED BY LAW, IN
NO EVENT SHALL THE INDEX SPONSOR OR UBS AG HAVE ANY LIABILITY FOR
ANY LOST PROFITS OR PUNITIVE, INDIRECT, SPECIAL, OR CONSEQUENTIAL
DAMAGES OR LOSSES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE
POSSIBILITY THEREOF. Other marks may be trademarks of their
respective owners. All rights reserved.
Notes to Editors
UBS draws on its 150-year heritage to serve private,
institutional and corporate clients worldwide, as well as retail
clients in Switzerland. We combine our wealth management,
investment banking and asset management businesses with our Swiss
operations to deliver superior financial solutions.
UBS is present in all major financial centers worldwide. It has
offices in over 50 countries, with about 37% of its employees
working in the Americas, 37% in Switzerland, 16% in the rest of
Europe and 10% in Asia Pacific. UBS employs about 65,000 people
around the world. Its shares are listed on the SIX Swiss Exchange
and the New York Stock Exchange (NYSE).
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