SDYL: linked to the S&P High Yield Dividend
Aristocrats Index
LMLB: linked to the Wells Fargo MLP Ex-Energy Index
Series B
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 7 ETRACS
Exchange Traded Notes (the “ETNs”), all traded on the NYSE
Arca.
NYSE Ticker
ETN Name and Prospectus/ Pricing
Supplement*
Valuation Date
Ex-Date
Record Date
Payment Date
Coupon Amount
Payment Schedule
Current Yield (annualized)
SDYL**
ETRACS Monthly Pay 2xLeveraged S&P
Dividend ETN
10/30/2020
11/10/2020
11/12/2020
11/20/2020
$ 0.3284
Monthly
6.39%
LMLB**
ETRACS Monthly Pay 2xLeveraged Wells Fargo
MLP Ex-Energy ETN Series B
10/30/2020
11/10/2020
11/12/2020
11/20/2020
$ 0.0663
Monthly
17.56%
HDLB**
ETRACS Monthly Pay 2xLeveraged US High
Dividend Low Volatility ETN Series B
10/30/2020
11/10/2020
11/12/2020
11/20/2020
$ 0.0725
Monthly
14.62%
SMHB**
ETRACS Monthly Pay 2xLeveraged US Small
Cap High Dividend ETN Series B
10/30/2020
11/10/2020
11/12/2020
11/20/2020
$ 0.0523
Monthly
13.32%
PFFL**
ETRACS Monthly Pay 2x
Leveraged Preferred Stock ETN
10/30/2020
11/10/2020
11/12/2020
11/20/2020
$ 0.1497
Monthly
10.40%
CEFD**
ETRACS Monthly Pay 1.5X Leveraged
Closed-End Fund Index ETN
10/30/2020
11/10/2020
11/12/2020
11/20/2020
$ 0.2526
Monthly
12.11%
MVRL**
ETRACS Monthly Pay 1.5x Leveraged Mortgage
REIT ETN
10/30/2020
11/10/2020
11/12/2020
11/20/2020
$ 0.2075
Monthly
7.13%
* 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 Coupon Amount
and the two immediately preceding 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: SDYL, LMLB, 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 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 distributions will lead to large variations
in the Current Yield as calculated above. As such, the Current
Yield for each 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, 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 prospectus, along with the applicable prospectus, pricing,
or product 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 provides financial advice and solutions to wealthy,
institutional and corporate clients worldwide, as well as private
clients in Switzerland. UBS's 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 more than 50 regions and locations, with about 31% of
its employees working in the Americas, 32% in Switzerland, 19% in
the rest of Europe, the Middle East and Africa and 18% in Asia
Pacific. UBS Group AG employs over 67,000 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. 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 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® Global Mortgage REITs Index to track
the performance of the mortgage REIT market.
The Dow Jones U.S. Select Dividend Index, the S&P High Yield
Dividend Aristocrats 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.
S-Network Composite Closed-End Fund Index and CEFX are
trademarks of Alerian and their use is granted under a license from
Alerian.
Wells Fargo Securities, Wells Fargo, Wells Fargo Business
Development Company Index, Wells Fargo Diversified Business
Development Company Index and the Wells Fargo MLP Ex-Energy Index
are trademarks of Wells Fargo & Company and have been licensed
for use for certain purposes by UBS. The ETRACS Exchange Traded
Notes traded under the tickers BDCS, BDCZ, BDCY and LMLB are based
on indices maintained by Wells Fargo Securities, LLC and are not
issued, sponsored, endorsed or advised by Wells Fargo Securities,
LLC, Wells Fargo & Company or their affiliates (“Wells”) and
Wells makes no representation regarding whether such Products are
suitable for investors generally or the advisability of trading in
such Products. Wells does not guarantee that the Indices referenced
by the Products have been accurately calculated or that the Indices
appropriately represent particular investment strategies. Wells
shall not have any liability for any error in the calculation of
the Indices or for any infirmity in the Products. The Indices are
calculated by third parties, including NYSE Arca, Inc., which are
not affiliated with the issuer of the Products or with Wells and
they do not approve, endorse, review or recommend the Indices, UBS
or the Products.
NYSE Arca, Inc. (“NYSE Arca”), which acts as calculation agent
for the Wells Fargo Business Development Company Index, Wells Fargo
Diversified Business Development Company Index and the Wells Fargo
MLP Ex-Energy Index (the “Indices”), is not affiliated with UBS AG,
Wells Fargo & Company or Wells Fargo Securities, LLC (together,
“Wells Fargo”) and does not approve, endorse, review or recommend
the Products.
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 2020. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20201105005291/en/
Media contact Christina Aquilina 1-212-713-4488
christina.aquilina@ubs.com Institutional Investor contact1
+1-877-387 2275
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