News - Media release
UBS declares coupon payments on 11 ETRACS Exchange Traded Notes
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 MarketVector US Business Development Companies Liquid Index |
BDCX: |
linked to the MarketVector US Business Development Companies Liquid 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 |
New York, January 9, 2024 – UBS Investment Bank today announced coupon payments for 11 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) |
---|---|---|---|---|---|---|---|---|
MLPB** | ETRACS Alerian MLP Infrastructure Index ETN Series B | 1/2/2024 | 1/12/2024 | 1/16/2024 | 1/24/2024 | $0.3630 | Quarterly | 6.76% |
AMNA** | ETRACS Alerian Midstream Energy Index ETN | 1/2/2024 | 1/12/2024 | 1/16/2024 | 1/24/2024 | $0.5620 | Quarterly | 5.70% |
AMND** | ETRACS Alerian Midstream Energy High Dividend Index ETN | 1/2/2024 | 1/12/2024 | 1/16/2024 | 1/24/2024 | $0.6648 | Quarterly | 6.50% |
MLPR** | ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 1/2/2024 | 1/12/2024 | 1/16/2024 | 1/24/2024 | $1.3477 | Quarterly | 10.76% |
BDCZ** | ETRACS MarketVector Business Development Companies Liquid Index ETN | 1/2/2024 | 1/12/2024 | 1/16/2024 | 1/24/2024 | $0.4397 | Quarterly | 9.25% |
BDCX** | ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN | 1/2/2024 | 1/12/2024 | 1/16/2024 | 1/24/2024 | $1.1905 | Quarterly | 14.50% |
HDLB*** | ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 1/2/2024 | 1/12/2024 | 1/16/2024 | 1/24/2024 | $0.0947 | Monthly | 10.91% |
SMHB*** | ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B | 1/2/2024 | 1/12/2024 | 1/16/2024 | 1/24/2024 | $0.1589 | Monthly | 15.19% |
PFFL*** | ETRACS Monthly Pay 2x Leveraged Preferred Stock ETN | 1/2/2024 | 1/12/2024 | 1/16/2024 | 1/24/2024 | $0.1704 | Monthly | 13.08% |
CEFD*** | ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN | 1/2/2024 | 1/12/2024 | 1/16/2024 | 1/24/2024 | $0.2628 | Monthly | 13.49% |
MVRL*** | ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN | 1/2/2024 | 1/12/2024 | 1/16/2024 | 1/24/2024 | $0.5719 | Monthly | 15.99% |
* 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.
Media contact
Alison Keunen
+1-212-713-2296
Institutional Investor contact1
+1-877-387 2275
___________________________
[1] Individual investors should instruct their broker/advisor/custodian to call us or should call together with their broker/advisor/custodian.
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 is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. With the acquisition of Credit Suisse, UBS manages 5.5 trillion dollars of invested assets as per second quarter 2023. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 countries around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
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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.
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The ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (“ETN”) is not sponsored, endorsed, sold or promoted by MarketVector Indexes 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.
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