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
2/28/2024
3/11/2024
3/12/2024
3/20/2024
$ 0.0403
Monthly
9.86%
SMHB**
ETRACS Monthly Pay 2xLeveraged US Small
Cap High Dividend ETN Series B
2/28/2024
3/11/2024
3/12/2024
3/20/2024
$ 0.0449
Monthly
17.05%
PFFL**
ETRACS Monthly Pay 2x Leveraged Preferred
Stock ETN
2/28/2024
3/11/2024
3/12/2024
3/20/2024
$ 0.1044
Monthly
12.65%
CEFD**
ETRACS Monthly Pay 1.5X Leveraged
Closed-End Fund Index ETN
2/28/2024
3/11/2024
3/12/2024
3/20/2024
$ 0.1918
Monthly
12.73%
MVRL**
ETRACS Monthly Pay 1.5x Leveraged Mortgage
REIT ETN
2/28/2024
3/11/2024
3/12/2024
3/20/2024
$ 0.0633
Monthly
17.25%
* 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
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
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 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).
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 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.
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 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.
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 2024. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240305443357/en/
Media contact Alison Keunen +1-212-713-2296
alison.keunen@ubs.com
Institutional Investor contact1 +1-877-387 2275
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