PYPE: linked to the NYSE® Pickens
Core Midstream™ Index
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
PFFL: linked to the Solactive Preferred Stock ETF
Index.
UBS Investment Bank today announced coupon payments for 21
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)
PYPE**
ETRACS NYSE® Pickens Core MidstreamTM
Index ETN
10/1/18 10/11/18 10/12/18 10/22/18 $0.0147 Quarterly 0.24% MLPI**
ETRACS Alerian MLP Infrastructure ETN
10/1/18 10/11/18 10/12/18 10/22/18 $0.4037 Quarterly 6.55% MLPQ**
ETRACS 2x Monthly Leveraged Long Alerian
MLP Infrastructure ETN
10/1/18 10/11/18 10/12/18 10/22/18 $1.2339 Quarterly 13.43% MLPG**
ETRACS Alerian Natural Gas MLP Index
ETN
10/1/18 10/11/18 10/12/18 10/22/18 $0.4034 Quarterly 6.51% BDCS**
ETRACS Wells Fargo Business Development
Company Index ETN
10/1/18 10/11/18 10/12/18 10/22/18 $0.4174 Quarterly 8.08% BDCL**
ETRACS 2x Leveraged Long Wells Fargo
Business Development Company Index ETN
10/1/18 10/11/18 10/12/18 10/22/18 $0.5942 Quarterly 14.83% MLPZ**
ETRACS 2xMonthly Leveraged S&P MLP
Index ETN Series B
10/1/18 10/11/18 10/12/18 10/22/18 $1.4519 Quarterly 13.31% MLPB**
ETRACS Alerian MLP Infrastructure Index
ETN Series B
10/1/18 10/11/18 10/12/18 10/22/18 $0.4037 Quarterly 6.55% BDCZ**
ETRACS Wells Fargo Business Development
Company Index ETN Series B
10/1/18 10/11/18 10/12/18 10/22/18 $0.4174 Quarterly 8.08% LBDC**
ETRACS 2x Leveraged Long Wells Fargo
Business Development Company Index ETN Series B
10/1/18 10/11/18 10/12/18 10/22/18 $0.5942 Quarterly 14.83% DVYL***
ETRACS Monthly Pay 2xLeveraged Dow Jones
Select Dividend Index ETN
10/1/18 10/11/18 10/12/18 10/22/18 $0.5636 Monthly 7.61% SDYL***
ETRACS Monthly Pay 2xLeveraged S&P
Dividend ETN
10/1/18 10/11/18 10/12/18 10/22/18 $0.4491 Monthly 5.45% MORL***
ETRACS Monthly Pay 2xLeveraged Mortgage
REIT ETN
10/1/18 10/11/18 10/12/18 10/22/18 $0.5859 Monthly 20.21% DVHL***
ETRACS Monthly Pay 2xLeveraged Diversified
High Income ETN
10/1/18 10/11/18 10/12/18 10/22/18 $0.3160 Monthly 13.65% CEFL***
ETRACS Monthly Pay 2xLeveraged Closed-End
Fund ETN
10/1/18 10/11/18 10/12/18 10/22/18 $0.2157 Monthly 15.90% LMLP***
ETRACS Monthly Pay 2xLeveraged Wells Fargo
MLP Ex-Energy ETN
10/1/18 10/11/18 10/12/18 10/22/18 $0.0381 Monthly 11.48% HDLV***
ETRACS Monthly Pay 2xLeveraged US High
Dividend Low Volatility ETN
10/1/18 10/11/18 10/12/18 10/22/18 $0.2862 Monthly 11.22% SMHD***
ETRACS Monthly Pay 2xLeveraged US Small
Cap High Dividend ETN
10/1/18 10/11/18 10/12/18 10/22/18 $0.5040 Monthly 18.15% LRET***
ETRACS Monthly Pay 2xLeveraged MSCI US
REIT Index ETN
10/1/18 10/11/18 10/12/18 10/22/18 $0.3161 Monthly 8.63% MRRL***
ETRACS Monthly Pay 2xLeveraged Mortgage
REIT ETN Series B
10/1/18 10/11/18 10/12/18 10/22/18 $0.5859 Monthly 20.21% PFFL****
ETRACS Monthly Pay 2x Leveraged Preferred
Stock ETN
10/1/18 10/11/18 10/12/18 10/22/18 $0.1080 Monthly 5.25%
* 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.
**** “Current Yield (annualized)” equals the current Coupon
Amount multiplied by twelve (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.
Note: DVYL, SDYL, MORL, DVHL, CEFL, LMLP, HDLV, SMHD, LRET, MRRL
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. 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 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.
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 © 2016 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 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.
Wells Fargo Securities, Wells Fargo 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 ticker LMLP is based on an
index maintained by Wells Fargo Securities, LLC and is 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 Product is suitable
for investors generally or the advisability of trading in such
Product. Wells does not guarantee that the Index referenced by the
Product has been accurately calculated or that the Index
appropriately represents 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 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.
NYSE Arca, Inc. (“NYSE Arca”), which acts as calculation agent
for the Wells Fargo Master Limited Partnership Ex-Energy Index (the
“Index”), 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 this Product.
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.
Source ICE Data Indices, LLC, is used with permission. “NYSE®”
is a service/trade mark of ICE Data Indices, LLC or its affiliates
and has been licensed, along with the NYSE® Pickens Core
MidstreamTM Index (“Index”) for use by UBS AG in connection with
ETRACS NYSE® Pickens Core MidstreamTM Index ETN (the “Product”).
Neither UBS AG nor the Product, as applicable, is sponsored,
endorsed, sold or promoted by ICE Data Indices, LLC, its affiliates
or its Third Party Suppliers (“ICE Data and its Suppliers”). ICE
Data and its Suppliers make no representations or warranties
regarding the advisability of investing in securities generally, in
the Product particularly or the ability of the Index to track
general market performance. Past performance of an Index is not an
indicator of or a guarantee of future results.
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 INDEX, 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 INDEX 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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20181005005298/en/
UBSMediaErica Chase,
+1-212-713-1302erica.chase@ubs.comorInvestors+1-877-387-2275
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