UBS declares coupon payments on 8 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
GLDI: linked to the Credit Suisse Nasdaq Gold FLOWSTM 103 Index
SLVO: linked to the Credit Suisse Nasdaq Silver FLOWSTM 106 Index
USOI: linked to the Credit Suisse Nasdaq WTI Crude Oil FLOWSTM 106 Index
New York, September 9, 2024 – UBS Investment Bank today announced coupon payments for 5 ETRACS Exchange Traded Notes traded on the NYSE Arca and expected coupon payments for 3 ETRACS Exchange Traded Notes traded on NASDAQ (together, the “ETNs”).
NYSE Ticker | ETN Name and Prospectus Supplementa | Coupon Valuation Date | Ex-Date | Record Date | Payment Date | Coupon Amount | Payment Schedule | Current Yield (annualized) b | |||||||||
HDLB | ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 8/30/2024 | 9/13/2024 | 9/13/2024 | 9/23/2024 | $ 0.0872 | Monthly | 10.44% | |||||||||
SMHB | ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B | 8/30/2024 | 9/13/2024 | 9/13/2024 | 9/23/2024 | $ 0.0925 | Monthly | 18.77% | |||||||||
PFFL | 8/30/2024 | 9/13/2024 | 9/13/2024 | 9/23/2024 | $ 0.0957 | Monthly | 11.37% | ||||||||||
CEFD | 8/30/2024 | 9/13/2024 | 9/13/2024 | 9/23/2024 | $ 0.2297 | Monthly | 14.43% | ||||||||||
MVRL | 8/30/2024 | 9/13/2024 | 9/13/2024 | 9/23/2024 | $ 0.1440 | Monthly | 17.64% |
NASDAQ Ticker | ETN Name and Pricing Supplementc | Closing Indicative Value on 8/30/2024 | Ex-Date | Record Date | Payment Date | ExpectedCoupon Amount per ETNd | Payment Schedule | Expected Current Yielde | |||||||||
GLDI | $153.2846 | 9/20/2024 | 9/20/2024 | 9/25/2024 | $2.2054 | Monthly | 14.87% f | ||||||||||
SLVO | $77.5329 | 9/20/2024 | 9/20/2024 | 9/25/2024 | $1.7449 | Monthly | 24.04% f | ||||||||||
USOI | ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037 | $70.3639 | 9/20/2024 | 9/20/2024 | 9/25/2024 | $2.2149 | Monthly | 18.55% f |
Cautionary Statement Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements” that are subject to risks and uncertainties, and actual results may differ materially. These statements could contain words such as “possible,” “intend,” “will,” “may,” “intends,” “would,” “if,” “expect,” “potentially” or other similar expressions. Forward-looking statements, including those relating to UBS AG’s plans for the ETNs, are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. While these forward-looking statements represent UBS’s judgments, expectations and objectives concerning the matters described, a number of risks, uncertainties and other important factors, including whether UBS AG will actually declare a Coupon Amount for the 3 ETNs traded on NASDAQ, could cause actual developments and results to differ materially from UBS’s expectations. For a discussion of the risks and uncertainties that may affect the ETNs please refer to the "Risk Factors" in the prospectus supplements and pricing supplement relating to the 3 ETNs traded on NASDAQ. UBS is not under any obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
About ETRACS
ETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on either NYSE Arca or NASDAQ, 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 registration statements (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 relevant prospectus, along with the applicable prospectus supplement and pricing supplements to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the ETRACS ETNs. The applicable offering document for each ETRACS ETN may be obtained by clicking on the name of each ETRACS ETN identified above. You may also get these documents without cost 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). 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 5.7 trillion dollars of invested assets as per fourth 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 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
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 (http://www.sipc.org/). UBS Financial Services Inc. is a registered broker/dealer and affiliate of UBS Securities LLC.
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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 (“MVRL 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 MVRL ETN or any member of the public regarding the advisability of investing in securities generally or in the MVRL ETN particularly or the ability of the Market Vectors® US Mortgage REITs Index to track the performance of the US mortgage REIT market.
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Alison Keunen
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