MLPI: linked to the Alerian MLP Infrastructure Index
MLPQ: linked to the Alerian MLP Infrastructure Index
MLPG: linked to the Alerian Natural Gas MLP Index
BDCS: linked to the Wells Fargo Business Development Company Index
BDCL: linked to the Wells Fargo Business Development Company Index
MLPB: linked to the Alerian MLP Infrastructure Index, Series B
BDCZ: linked to the Wells Fargo Business Development Company
Index, Series B
LBDC: linked to the Wells Fargo Business Development Company
Index, Series B
DVYL: linked to the Dow Jones U.S. Select Dividend Index
SDYL: linked to the S&P High Yield Dividend Aristocrats Index
MORL: linked to the Market Vectors Global Mortgage REITs Index
DVHL: linked to the NYSE Diversified High Income Index
CEFL: linked to the ISE High Income Index
LMLP: linked to the Wells Fargo MLP Ex-Energy Index
HDLV: linked to the Solactive US High Dividend Low Volatility
Index
SMHD: linked to the Solactive US Small Cap High Dividend Index
LRET: linked to the MSCI US REIT Index
MLPZ: linked to the S&P MLP Index
MRRL: linked to the Market Vectors Global Mortgage REITs Index,
Series B
UBS
Investment Bank today announced coupon payments for 19 ETRACS
Exchange Traded Notes (the “ETNs”), all traded on the NYSE Arca.
* 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,
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 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: DVYL, SDYL, MORL, DVHL, CEFL, LMLP, HDLV, SMHD, LRET, and MRRL 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. 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 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.
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.
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.
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 ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN
is not sponsored, endorsed, sold or promoted by Dow Jones, CME or their
respective affiliates. Dow Jones, CME and their respective affiliates
make no representation or warranty, express or implied, to the owners of
the ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN
or any member of the public regarding the advisability of trading in the
Product. Dow Jones', CME’s and their respective affiliates’ only
relationship to the Licensee is the licensing of certain trademarks and
trade names of Dow Jones, the Dow Jones Global ex-U.S. Select Real
Estate Securities Index, and the Dow Jones U.S. Select Dividend Index
which are determined, composed and calculated by CME without regard to
UBS AG or the ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend
Index ETN. Dow Jones and CME have no obligation to take the needs of UBS
AG or the owners of the ETRACS Monthly Pay 2xLeveraged Dow Jones Select
Dividend Index ETN into consideration in determining, composing or
calculating “Dow Jones Global ex-U.S. Select Real Estate Securities
IndexSM” or the “Dow Jones U.S. Select Dividend IndexSM”. Dow Jones, CME
and their respective affiliates are not responsible for and have not
participated in the determination of the timing of, prices at, or
quantities of the ETRACS Monthly Pay 2xLeveraged Dow Jones Select
Dividend Index ETN to be sold or in the determination or calculation of
the equation by which the ETRACS Monthly Pay 2xLeveraged Dow Jones
Select Dividend Index ETN are to be converted into cash. Dow Jones, CME
and their respective affiliates have no obligation or liability in
connection with the administration, marketing or trading of the ETRACS
Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN.
Notwithstanding the foregoing, CME Group Inc. and its affiliates may
independently issue and/or sponsor financial products unrelated to the
ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN
currently being issued by UBS AG, but which may be similar to and
competitive with the ETRACS Monthly Pay 2xLeveraged Dow Jones Select
Dividend Index ETN. In addition, CME Group Inc. and its affiliates may
trade financial products which are linked to the performance of the Dow
Jones U.S. Select Dividend IndexSM. It is possible that this trading
activity will affect the value of the Dow Jones U.S. Select Dividend
IndexSM or the ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend
Index ETN.
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 © 2017 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.
Wells Fargo Securities, Wells Fargo and the Wells Fargo® Business
Development Company Index, the Wells Fargo® Master Limited Partnership
ex Energy 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, BDCL, BDCZ, LBDC and LMLP are based on indexes 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 Indexes referenced by the Products have been accurately calculated
or that the Indexes appropriately represent a particular investment
strategy. Wells shall not have any liability for any error in the
calculation of the Indexes or for any infirmity in the Products. The
Indexes are calculated by third parties, including Standard & Poor’s
Financial Services LLC and 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 Indexes, UBS or the Products.
The ETRACS Monthly Pay 2xLeveraged 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 NYSE® Diversified High Income Index is a service mark of NYSE
Euronext or its affiliates (“NYSE Euronext”) and has been licensed for
use by UBS AG in connection with the ETNs. The ETNs are not sponsored,
endorsed, sold or promoted by NYSE Euronext. NYSE Euronext makes no
representations or warranties regarding the ETNs or the ability of the
Index to track the general stock market performance.
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.
ISE High IncomeTM“ “ISE®”, and “International Securities Exchange” are
registered trademarks of International Securities Exchange LLX (which
with its affiliates is referred to as the “Corporations”) and are
licensed for use by UBS AG. The financial instruments have not been
passed on by the Corporations as to their legality or suitability. The
financial instruments are not issued, endorsed, sold, or promoted by the
Corporations. The Corporations make no warranties and bear no
liability with respect to the financial instruments.
The MSCI information may only be used for your internal use, may not be
reproduced or re-disseminated in any form and may not be used as a basis
for or a component of any financial instruments or products or indices.
None of the MSCI information is intended to constitute investment advice
or a recommendation to make (or refrain from making) any kind of
investment decision and may not be relied on as such. Historical data
and analysis should not be taken as an indication or guarantee of any
future performance analysis, forecast or prediction. The MSCI
information is provided on an “as is” basis and the user of this
information assumes the entire risk of any use made of this information.
MSCI, each of its affiliates and each other person involved in or
related to compiling, computing or creating any MSCI information
(collectively, the “MSCI Parties”) expressly disclaims all warranties
(including, without limitation, any warranties of originality, accuracy,
completeness, timeliness, non-infringement, merchantability and fitness
for a particular purpose) with respect to this information. Without
limiting any of the foregoing, in no event shall any MSCI Party have any
liability for any direct, indirect, special, incidental, punitive,
consequential (including, without limitation, lost profits) or any other
damages. The product(s) referred to herein is not sponsored, endorsed,
issued, sold or promoted by MSCI.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180706005047/en/
Copyright Business Wire 2018