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
In the table, all dates in the Ex-Date column should read
11/10/2021 (instead of 11/12/2021) and all dates in the Record Date
column should read 11/12/2021 (instead of 11/13/2021).
The updated release reads:
UBS DECLARES COUPON PAYMENTS ON 5 ETRACS EXCHANGE TRADED
NOTES
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 5 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)
HDLB**
ETRACS Monthly Pay 2xLeveraged US High
Dividend Low Volatility ETN Series B
11/1/2021
11/10/2021
11/12/2021
11/22/2021
$0.1308
Monthly
9.11%
SMHB**
ETRACS Monthly Pay 2xLeveraged US Small
Cap High Dividend ETN Series B
11/1/2021
11/10/2021
11/12/2021
11/22/2021
$0.1422
Monthly
14.35%
PFFL**
ETRACS Monthly Pay 2x
Leveraged Preferred Stock ETN
11/1/2021
11/10/2021
11/12/2021
11/22/2021
$0.2113
Monthly
10.67%
CEFD**
ETRACS Monthly Pay 1.5X Leveraged
Closed-End Fund Index ETN
11/1/2021
11/10/2021
11/12/2021
11/22/2021
$0.2727
Monthly
10.50%
MVRL**
ETRACS Monthly Pay 1.5x Leveraged Mortgage
REIT ETN
11/1/2021
11/10/2021
11/12/2021
11/22/2021
$0.2917
Monthly
12.40%
* 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: 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 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 provides financial advice and solutions to wealthy,
institutional and corporate clients worldwide, as well as private
clients in Switzerland. UBS is the largest truly global wealth
manager, and a leading personal and corporate bank in Switzerland,
with a large-scale and diversified global asset manager and a
focused 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 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
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 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.
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.
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 2021. 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/20211104006030/en/
Media contact Christina Aquilina 1-212-713-4488
christina.aquilina@ubs.com Institutional Investor contact1
+1-877-387 2275
UBS (NYSE:UBS)
Historical Stock Chart
From Aug 2024 to Sep 2024
UBS (NYSE:UBS)
Historical Stock Chart
From Sep 2023 to Sep 2024