MLPI: linked to the Alerian MLP Infrastructure Index
MLPL: linked to the Alerian MLP Infrastructure Index
MLPG: linked to the Alerian Natural Gas MLP Index
MLPW: linked to the Wells Fargo Master Limited Partnership
Index
BDCS: linked to the Wells Fargo Business Development Company
Index
BDCL: linked to the Wells Fargo Business Development Company
Index
RWXL: linked to the Dow Jones Global ex-U.S. Select Real
Estate Securities Index
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
DVHI: linked to the NYSE Diversified High Income
Index
DVHL: linked to the NYSE Diversified High Income
Index
CEFL: linked to the ISE High Income Index
FMLP: linked to the Wells Fargo MLP Ex-Energy 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
UBS Investment Bank today announced coupon payments for
seventeen ETRACS exchange-traded notes (the “ETNs”), all traded on
the NYSE Arca. The relevant coupon information is provided in the
table below:
NYSE
Ticker ETN
Name
Valuation Date Ex-
Date
Record Date Payment Date
Coupon Amount Payment Schedule
Current Yield (annualized)
MLPI*
ETRACS Alerian MLP Infrastructure ETN
3/30/15 4/9/15 4/13/15 4/21/15 $0.4739 Quarterly 4.98% MLPL*
ETRACS 2x
Monthly Leveraged
Long Alerian MLP
Infrastructure ETN
3/30/15 4/9/15 4/13/15 4/21/15 $1.4051 Quarterly 11.12% MLPG*
ETRACS Alerian
Natural Gas MLP Index ETN
3/30/15 4/9/15 4/13/15 4/21/15 $0.4735 Quarterly 5.78% MLPW*
ETRACS Wells
Fargo MLP ETN
3/30/15 4/9/15 4/13/15 4/21/15 $0.3887 Quarterly 4.65% BDCS*
ETRACS Wells Fargo Business Development
Company ETN
3/30/15 4/9/15 4/13/15 4/21/15 $0.4290 Quarterly 7.27%
BDCL*
ETRACS 2x Leveraged Long Wells Fargo
Business Development Company ETN
3/30/15
4/9/15
4/13/15
4/21/15
$0.8265
Quarterly
14.84%
RWXL**
ETRACS Monthly Pay 2xLeveraged Dow Jones
International Real Estate ETN
3/30/15 4/9/15 4/13/15 4/21/15 $0.2538 Monthly 5.25% DVYL**
ETRACS Monthly Pay 2xLeveraged Dow Jones
Select Dividend Index ETN
3/30/15 4/9/15 4/13/15 4/21/15 $0.3016 Monthly 6.80% SDYL**
ETRACS Monthly Pay 2xLeveraged S&P
Dividend ETN
3/30/15 4/9/15 4/13/15 4/21/15 $0.2427 Monthly 5.20% MORL**
ETRACS Monthly Pay 2xLeveraged Mortgage
REIT ETN
3/30/15 4/9/15 4/13/15 4/21/15 $0.8858 Monthly 19.65% DVHI**
ETRACS Diversified High Income ETN
3/30/15 4/9/15 4/13/15 4/21/15 $0.1446 Monthly 5.33% DVHL**
ETRACS Monthly Pay 2xLeveraged Diversified
High Income ETN
3/30/15 4/9/15 4/13/15 4/21/15 $0.3157 Monthly 12.24% CEFL**
ETRACS Monthly Pay 2xLeveraged Closed-End
Fund ETN
3/30/15 4/9/15 4/13/15 4/21/15 $0.3273 Monthly 15.99% FMLP**
ETRACS Wells Fargo® MLP Ex-Energy ETN
3/30/15 4/9/15 4/13/15 4/21/15 $0.0622 Monthly 8.27% LMLP**
ETRACS Monthly Pay 2xLeveraged Wells Fargo
MLP Ex-Energy ETN
3/30/15 4/9/15 4/13/15 4/21/15 $0.1541 Monthly 17.77% HDLV**
ETRACS 2xLeveraged US High Dividend Low
Volatility ETN
3/30/15 4/9/15 4/13/15 4/21/15 $0.2659 Monthly 10.30% SMHD***
ETRACS Monthly Pay 2xLeveraged US Small
Cap High Dividend ETN
3/30/15 4/9/15 4/13/15 4/21/15 $0.5142 Monthly 16.88%
* "Current Yield (annualized)" equals the current Coupon Amount,
multiplied by four (to annualize such coupon), divided by the
closing price of the ETN on its current Coupon Valuation Date, or,
if the closing price is not available on that date, then the
previous available closing price, and 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 price of
the ETN on its current Coupon Valuation Date, or, if the closing
price is not available on that date, then the previous available
closing price, and 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 immediately preceding Coupon Amount, multiplied by
six (to annualize such coupons), divided by the closing price of
the ETN on its current Coupon Valuation Date, or, if the closing
price is not available on that date, then the previous available
closing price, and 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: RWXL, DVYL, SDYL, MORL, DVHL, CEFL, LMLP, HDLV, and SMHD
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. DVHI and FMLP pay a
variable monthly coupon linked to the cash distributions, if any,
on the 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
For further information about ETRACS ETNs, go to
www.etracs.com
- ETRACS ETNs are exchange-traded notes,
an innovative class of investment products offering access to
markets and strategies that may not be readily available to
investors, and offer unique diversification opportunities in a
number of different sectors.
- ETRACS ETNs may offer:
- Convenience of an exchange-traded
security
- Transparent exposure to a published
index
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.
This material is issued by UBS AG and/or an affiliate thereof
("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 Total Return Index, Alerian MLP
Infrastructure Index, Alerian MLP Infrastructure Total Return
Index, Alerian Natural Gas MLP Index, Alerian Natural Gas MLP Total
Return Index, AMZ, AMZX, AMZI, and ANGI are trademarks of Alerian
and their use is granted under a license from Alerian. Wells Fargo
Securities, Wells Fargo Securities, LLC, Wells Fargo, Wells Fargo
Business Development Company Index and Wells Fargo® Master Limited
Partnership Index are trademarks of Wells Fargo & Company and
have been licensed for use by UBS AG. The ETRACS Wells Fargo
Business Development Company Index, ETRACS Wells Fargo MLP Index
and ETRACS 2xLeveraged Long Wells Fargo Business Development
Company Index are not issued, guaranteed, sponsored, or advised by
Wells Fargo & Company, Wells Fargo Securities, LLC or their
subsidiaries and affiliates (collectively, "Wells Fargo"). Wells
Fargo makes no representation or warranty, express or implied, to
investors in the ETRACS ETNs or any member of the public regarding
the ability of any data supplied by Wells Fargo or any Index to
track financial instruments comprising the Index or any trading
market and no guarantee of performance of the ETRACS Wells Fargo
Business Development Company Index, ETRACS Wells Fargo MLP Index or
ETRACS 2xLeveraged Long Wells Fargo Business Development Company
Index. Wells Fargo & Company does not guarantee that the Index
referenced by the ETRACS ETNs has been accurately calculated and
shall not have any liability for any error in the calculation.
Wells Fargo's only relationship to UBS AG is the licensing of
certain intellectual property rights relating to the Index as well
as trademarks and trade names of Wells Fargo and of the data
supplied by Wells Fargo that is determined, composed, compiled and
calculated by Wells Fargo or a third party index calculator,
without regard to the ETRACS Wells Fargo Business Development
Company Index, ETRACS Wells Fargo MLP Index or ETRACS 2xLeveraged
Long Wells Fargo Business Development Company Index. Wells Fargo
has no obligation to take into consideration the ETRACS Wells Fargo
Business Development Company Index, ETRACS Wells Fargo MLP Index,
ETRACS 2xLeveraged Long Wells Fargo Business Development Company
Index or investors in the ETRACS ETNs when determining, composing,
compiling or calculating the data. Wells Fargo has no obligation or
liability in connection with the issuance, listing, registration,
distribution, administration, trading or redemption or settlement
by the issuer or otherwise of the ETRACS
Wells Fargo Business Development Company Index, ETRACS Wells
Fargo MLP Index or ETRACS 2xLeveraged Long Wells Fargo Business
Development Company Index. WELLS FARGO DOES NOT GUARANTEE THE
ACCURACY AND/OR THE COMPLETENESS OF THE INDEX OR OF ANY DATA
SUPPLIED BY IT OR ANY DATA INCLUDED THEREIN. WELLS FARGO MAKES NO
WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY UBS
AG AND THE ETRACS WELLS FARGO BUSINESS DEVELOPMENT COMPANY INDEX,
ETRACS WELLS FARGO MLP INDEX, OR ETRACS 2XLEVERAGED LONG WELLS
FARGO BUSINESS DEVELOPMENT COMPANY INDEX OR ANY OTHER PERSON OR
ENTITY FROM THE USE OF INDEX OR OF THE DATA SUPPLIED BY WELLS FARGO
OR ANY DATA INCLUDED THEREIN. WELLS FARGO MAKES NO EXPRESS OR
IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH
RESPECT TO THE INDEX AND THE DATA SUPPLIED BY WELLS FARGO OR ANY
DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO
EVENT SHALL WELLS FARGO HAVE ANY LIABILITY FOR ANY SPECIAL,
PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST
PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
Neither the ETRACS Monthly Pay 2xLeveraged Dow Jones
International Real Estate ETN nor the ETRACS Monthly Pay
2xLeveraged Dow Jones Select Dividend Index ETN are 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 International Real
Estate ETN, 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(s). 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, the ETRACS
Monthly Pay 2xLeveraged Dow Jones International Real Estate ETN 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
International Real Estate ETN or 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 International Real Estate
ETN or 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
International Real Estate ETN or 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
International Real Estate ETN or 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 International Real Estate ETN or 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
International Real Estate ETN or 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 Global ex-U.S. Select Real Estate
Securities IndexSM or the Dow Jones U.S. Select Dividend IndexSM.
It is possible that this trading activity will affect the value of
the Dow Jones Global ex-U.S. Select Real Estate Securities IndexSM,
the Dow Jones U.S. Select Dividend IndexSM, the ETRACS Monthly Pay
2xLeveraged Dow Jones International Real Estate ETN, or the ETRACS
Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN. DOW
JONES, CME AND THEIR RESPECTIVE AFFILIATES DO NOT GUARANTEE THE
ACCURACY AND/OR THE COMPLETENESS OF THE DOW JONES GLOBAL EX-U.S.
SELECT REAL ESTATE SECURITIES INDEXSM, THE DOW JONES U.S. SELECT
DIVIDEND INDEXSM OR ANY DATA INCLUDED THEREIN AND DOW JONES, CME
AND THEIR RESPECTIVE AFFILIATES SHALL HAVE NO LIABILITY FOR ANY
ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. DOW JONES, CME AND
THEIR RESPECTIVE AFFILIATES MAKE NO WARRANTY, EXPRESS OR IMPLIED,
AS TO RESULTS TO BE OBTAINED BY UBS AG, OWNERS OF THE ETRACS
MONTHLY PAY 2XLEVERAGED DOW JONES INTERNATIONAL REAL ESTATE ETN,
THE ETRACS MONTHLY PAY 2XLEVERAGED DOW JONES SELECT DIVIDEND INDEX
ETN, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE DOW JONES
GLOBAL EX-U.S. SELECT REAL ESTATE SECURITIES INDEX THE DOW JONES
U.S. SELECT DIVIDEND INDEXSM OR ANY DATA INCLUDED THEREIN. DOW
JONES, CME AND THEIR RESPECTIVE AFFILIATES MAKE NO EXPRESS OR
IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES, OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH
RESPECT TO THE DOW JONES GLOBAL EX-U.S. SELECT REAL ESTATE
SECURITIES INDEXSM, THE DOW JONES U.S. SELECT DIVIDEND INDEXSM OR
ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING,
IN NO EVENT SHALL DOW JONES, CME OR THEIR RESPECTIVE AFFILIATES
HAVE ANY LIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE,
SPECIAL OR CONSEQUENTIAL DAMAGES OR LOSSES, EVEN IF NOTIFIED OF THE
POSSIBILITY OF SUCH DAMAGES. THERE ARE NO THIRD PARTY BENEFICIARIES
OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN CME AND UBS AG, OTHER
THAN THE LICENSORS OF CME.
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; ETRACS
linked to the Wells Fargo® Master Limited Partnership Ex-Energy
Index is based on the Index, and the value of such Index is derived
from sources deemed reliable, but NYSE Arca and its suppliers do
not guarantee the correctness or completeness of the Index, its
values or other information furnished in connection with the Index.
NEITHER WELLS FARGO NOR NYSE ARCA MAKES ANY WARRANTY, EXPRESS OR
IMPLIED, AS TO THE RESULTS TO BE OBTAINED BY ANY PERSON OR ENTITY
FROM THE USE OF THE INDEX, TRADING BASED ON THE INDEX, OR ANY DATA
INCLUDED THEREIN IN CONNECTION WITH THE TRADING OF THE ETRACS
LINKED TO THE WELLS FARGO® MASTER LIMITED PARTNERSHIP EX-ENERGY
INDEX, OR FOR ANY OTHER USE. ETRACS linked to the Wells Fargo®
Master Limited Partnership Ex-Energy Index is not issued,
guaranteed, sponsored, endorsed, sold or promoted by Wells Fargo
& Company, Wells Fargo Securities, LLC or their subsidiaries
and affiliates (collectively, "Wells Fargo"). Wells Fargo makes no
representation or warranty, express or implied, to investors in the
Product or any member of the public regarding the advisability of
investing in securities generally or in the ETRACS Linked to the
Wells Fargo® Master Limited Partnership Ex-Energy Index
particularly or the ability of any data supplied by Wells Fargo or
any Index to track financial instruments comprising the Index or
any trading market. Wells Fargo's only relationship to UBS AG is
the licensing of certain intellectual property rights relating to
the Index as well as trademarks and trade names of Wells Fargo and
of the data supplied by Wells Fargo that is determined, composed,
compiled and calculated by Wells Fargo or a third party index
calculator, without regard to the ETRACS Linked to the Wells Fargo®
Master Limited Partnership Ex-Energy Index. Wells Fargo has no
obligation to take into consideration the ETRACS Linked to the
Wells Fargo® Master Limited Partnership Ex-Energy or investors in
the Product when determining, composing, compiling or calculating
the data. Wells Fargo has no obligation or liability in connection
with the listing, registration, distribution, administration,
marketing, trading or redemption or settlement by the issuer or
otherwise of the ETRACS Linked to the Wells Fargo® Master Limited
Partnership Ex-Energy Index.
Wells Fargo Securities, Wells Fargo Securities, LLC, Wells
Fargo, and Wells Fargo® Master Limited Partnership Ex-Energy Index
are trademarks of Wells Fargo® & Company and have been licensed
for use by UBS AG. This product is not issued, sponsored, endorsed,
sold or promoted by Wells Fargo & Company or its affiliates and
Wells Fargo & Company makes no representation regarding the
advisability of investing in this product. Wells Fargo &
Company does not guarantee that the Index referenced by the product
has been accurately calculated and shall not have any liability for
any error in the calculation. 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. ETRACS Monthly Pay 2xLeveraged Wells Fargo®
MLP Ex-Energy ETN and ETRACS Wells Fargo® MLP Ex-Energy ETN are
based on the Index, and the value of such Index is derived from
sources deemed reliable, but NYSE Arca and its suppliers do not
guarantee the correctness or completeness of the Index, its values
or other information furnished in connection with the Index.
NEITHER WELLS FARGO NOR NYSE ARCA MAKES ANY WARRANTY, EXPRESS OR
IMPLIED, AS TO THE RESULTS TO BE OBTAINED BY ANY PERSON OR ENTITY
FROM THE USE OF THE INDEX, TRADING BASED ON THE INDEX, OR ANY DATA
INCLUDED THEREIN IN CONNECTION WITH THE TRADING OF THE ETRACS
MONTHLY PAY 2xLEVERAGED WELLS FARGO® MLP EX-ENERGY ETN OR THE
ETRACS WELLS FARGO® MLP EX-ENERGY ETN, OR FOR ANY OTHER USE. The
ETRACS Monthly Pay 2x Leveraged Wells Fargo MLP Ex-Energy ETN and
the ETRACS Wells Fargo® MLP Ex-Energy ETN are not issued,
guaranteed, sponsored, or advised by Wells Fargo & Company,
Wells Fargo Securities, LLC or their subsidiaries and affiliates
(collectively, "Wells Fargo"). Wells Fargo makes no representation
or warranty, express or implied, to investors in the ETRACS ETNs or
any member of the public regarding the advisability of investing in
securities generally or in the ETRACS Monthly Pay 2X Leveraged
Wells Fargo MLP Ex -Energy ETN or in the ETRACS Wells Fargo® MLP
Ex-Energy ETN particularly or the ability of any data supplied by
Wells Fargo or any Index to track financial instruments comprising
the Index or any trading market and no guarantee of performance of
the ETRACS Monthly Pay 2X Leveraged Wells Fargo MLP Ex -Energy ETN
or the ETRACS Wells Fargo® MLP Ex-Energy ETN. Wells Fargo &
Company does not guarantee that the Index referenced by the ETRACS
ETNs has been accurately calculated and shall not have any
liability for any error in the calculation. Wells Fargo's only
relationship to UBS AG is the licensing of certain intellectual
property rights relating to the Index as well as trademarks and
trade names of Wells Fargo and of the data supplied by Wells Fargo
that is determined, composed, compiled and calculated by Wells
Fargo or a third party index calculator, without regard to ETRACS
Monthly Pay 2X Leveraged Wells Fargo MLP Ex -Energy ETN or ETRACS
Wells Fargo® MLP Ex-Energy ETN. Wells Fargo has no obligation to
take into consideration the ETRACS Monthly Pay 2X Leveraged Wells
Fargo MLP Ex -Energy ETN or the ETRACS Wells Fargo® MLP Ex-Energy
ETN or investors in the ETRACS ETNs when determining, composing,
compiling or calculating the data. Wells Fargo has no obligation or
liability in connection with the issuance, listing, registration,
distribution, administration, trading or redemption or settlement
by the issuer or otherwise of the ETRACS Monthly Pay 2X Leveraged
Wells Fargo MLP Ex-Energy ETN or the ETRACS Wells Fargo® MLP
Ex-Energy ETN.
WELLS FARGO DOES NOT GUARANTEE THE ACCURACY AND/OR THE
COMPLETENESS OF THE INDEX OR OF ANY DATA SUPPLIED BY IT OR ANY DATA
INCLUDED THEREIN. WELLS FARGO MAKES NO WARRANTY, EXPRESS OR
IMPLIED, AS TO RESULTS TO BE OBTAINED BY UBS AG AND THE ETRACS
MONTHLY PAY 2X LEVERAGED WELLS FARGO MLP EX-ENERGY ETN OR THE
ETRACS WELLS FARGO® MLP EX-ENERGY ETN OR ANY OTHER PERSON OR ENTITY
FROM THE USE OF INDEX OR OF THE DATA SUPPLIED BY WELLS FARGO OR ANY
DATA INCLUDED THEREIN. WELLS FARGO MAKES NO EXPRESS OR IMPLIED
WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH
RESPECT TO THE INDEX AND THE DATA SUPPLIED BY WELLS FARGO OR ANY
DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO
EVENT SHALL WELLS FARGO HAVE ANY LIABILITY FOR ANY SPECIAL,
PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST
PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
Standard & Poor’s Financial Services LLC, a subsidiary of
The McGraw-Hill Companies, Inc. (“S&P”) and UBS AG have entered
into a non-exclusive license agreement providing for the license to
UBS, and certain of its affiliates, in exchange for a fee, of the
right to use the S&P High Yield Dividend Aristocrats® Index, in
connection with securities, including the ETNs. The S&P High
Yield Dividend Aristocrats® Index is owned and published by
S&P. The ETNs are not sponsored, endorsed, sold or promoted by
S&P or its third party licensors. Neither S&P nor its third
party licensors make any 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 S&P High Yield
Dividend Aristocrats® Index to track general stock market
performance. S&P’s and its third party licensor’s only
relationship to UBS AG is the licensing of certain trademarks and
trade names of S&P and the third party licensors and of the
S&P High Yield Dividend Aristocrats® Index which is determined,
composed and calculated by S&P or its third party licensors
without regard to UBS AG or the ETNs. S&P and its third party
licensors have no obligation to take the needs of UBS AG or the
owners of the ETNs into consideration in determining, composing or
calculating the S&P High Yield Dividend Aristocrats® Index.
Neither S&P nor its third party licensors is responsible for
and has not participated in the determination of the prices and
amount of the ETNs or the timing of the issuance or sale of the
ETNs or in the determination or calculation of the equation by
which the ETNs is to be converted into cash. S&P has no
obligation or liability in connection with the administration,
marketing or trading of the ETNs. NEITHER S&P, ITS AFFILIATES
NOR THEIR THIRD PARTY LICENSORS GUARANTEE THE ADEQUACY, ACCURACY,
TIMELINESS OR COMPLETENESS OF THE S&P HIGH YIELD DIVIDEND
ARISTOCRATS® INDEX OR ANY DATA INCLUDED THEREIN OR ANY
COMMUNICATIONS, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN
COMMUNICATIONS (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT
THERETO. S&P, ITS AFFILIATES AND THEIR THIRD PARTY LICENSORS
SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS,
OMISSIONS OR DELAYS THEREIN. S&P MAKES NO EXPRESS OR IMPLIED
WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH
RESPECT TO THE MARKS, THE S&P HIGH YIELD DIVIDEND ARISTOCRATS®
INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE
FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P, ITS AFFILIATES OR
THEIR THIRD PARTY LICENSORS BE LIABLE FOR ANY INDIRECT, SPECIAL,
INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT
LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL,
EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES,
WHETHER IN CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE.
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.
Market Vectors® Global Mortgage REITs Index (the “Index”) is the
exclusive property of Market Vectors Index Solutions GmbH, which
has contracted with Structured Solutions AG to maintain and
calculate the Index. Structured Solutions AG uses its best efforts
to ensure that the Index is calculated correctly. Irrespective of
its obligations towards the Market Vectors Index Solutions GmbH,
Structured Solutions AG has no obligation to point out errors in
the Index to third parties including but not limited to investors
and/or financial intermediaries of the financial instrument. The
ETN is not sponsored, promoted, sold or supported in any other
manner by Structured Solutions AG nor does Structured Solutions 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. Neither
publication of the Index by Structured Solutions AG nor the
licensing of the Index or Index trade mark for the purpose of use
in connection with the financial instrument constitutes a
recommendation by Structured Solutions AG to invest capital in said
financial instrument nor does it in any way represent an assurance
or opinion of Structured Solutions AG with regard to any investment
in this financial instrument. Structured Solutions AG is not
responsible for fulfilling the legal requirements concerning the
accuracy and completeness of the financial instrument’s
prospectus
The ETN is not sponsored, endorsed, sold or promoted by Van Eck
Associates Corporation (“Van Eck”). Van Eck makes no representation
or warranty, express or implied, nor accepts any responsibility,
regarding the accuracy or completeness of this Informational
Material, or the advisability of investing in securities or
financial instruments, or in the ETN.
VAN ECK AND ITS AFFILIATES DO NOT GUARANTEE THE ACCURACY AND/OR
COMPLETENESS OF THE INDEX OF ANY DATA INCLUDED THEREIN AND SHALL
NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS,
AND MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE
OBTAINED BY OWNERS OF, ETN, OR ANY OTHER PERSON OR ENTITY FROM THE
USE OF THE ETN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT
SHALL VAN ECK OR ANY OF ITS AFFILIATES HAVE ANY LIABILITY FOR ANY
LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL OR CONSEQUENTIAL
DAMAGES OR LOSSES, EVEN IF NOTIFIED OF THE POSSIBILITY THEREOF.
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.
NYSE EURONEXT MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY
EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS
FOR A PARTICULAR PURPOSE WITH RESPECT TO THE INDEX OR ANY DATA
INCLUDED THEREIN. IN NO EVENT SHALL NYSE EURONEXT HAVE ANY
LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL
DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE
POSSIBILITY OF SUCH DAMAGES.
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 Index is
calculated and published by Solactive AG. Solactive AG uses its
best efforts to ensure that the Index is calculated correctly.
Irrespective of its obligations towards the Issuer, Solactive AG
has no obligation to point out errors in the Index to third parties
including but not limited to investors and/or financial
intermediaries of the financial instrument. Neither publication of
the Index by Solactive AG nor the licensing of the Index or Index
trade mark for the purpose of use in connection with the financial
instrument constitutes a recommendation by Solactive AG to invest
capital in said financial instrument nor does it in any way
represent an assurance or opinion of Solactive AG with regard to
any investment in this financial instrument.
“ISE High Income™”, “ISE™®” and “International Securities
Exchange®” are trademarks of International Securities Exchange, LLC
and have been licensed for use for certain purposes by UBS
Securities LLC and its affiliates. UBS AG’s ETRACS based on the ISE
High Income™ Index are not sponsored, endorsed, sold or promoted by
ISE, and ISE makes no representation regarding the advisability of
trading in such products.
The Securities are not sponsored, endorsed, sold or promoted by
ISE. ISE makes no representation or warranty, express or implied,
to the owners of the Securities or any member of the public
regarding the advisability of trading in the Securities. ISE’s only
relationship to UBS is the licensing of certain trademarks and
trade names of ISE and of the Index, which is determined, composed
and calculated by ISE without regard to UBS or the Securities. ISE
has no obligation to take the needs of UBS or the owners of the
Securities into consideration in determining, composing or
calculating the Index. ISE is not responsible for and has not
participated in the determination of the timing of, prices at, or
quantities of the Securities to be listed or in the determination
or calculation of the equation by which the Securities are to be
converted into cash. ISE has no obligation or liability in
connection with the administration, marketing or trading of the
Securities.
IISE DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF
THE INDEX OR ANY DATA INCLUDED THEREIN AND ISE SHALL HAVE NO
LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. ISE
MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED
BY UBS, OWNERS OF THE SECURITIES, OR ANY OTHER PERSON OR ENTITY
FROM THE USE OF THE INDEX OR ANY DATA INCLUDED THEREIN. ISE MAKES
NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL
WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE
OR USE WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN.
WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL ISE HAVE
ANY LIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL
OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED
OF THE POSSIBILITY OF SUCH DAMAGES. THERE ARE NO THIRD PARTY
BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN ISE AND
UBS.
The “Dow Jones Global ex-U.S. Select Real Estate Securities
IndexSM” and the “Dow Jones U.S. Select Dividend IndexSM” are
products of Dow Jones Indexes and marketing names and licensed
trademarks of CME Indexes, and have been licensed for use. “Dow
Jones®”, “Dow Jones Global ex-U.S.
Select Real Estate Securities IndexSM”,“ Dow Jones U.S. Select
Dividend IndexSM” and “Dow Jones Indexes” are service marks of Dow
Jones Trademark Holdings, LLC (“Dow Jones”) and have been licensed
for use for certain purposes by UBS AG. “S&P®”, “Standard
& Poor’s®”, “S&P 500®”, “S&P 500® Dividend
Aristocrats®” and “Dividend Aristocrats®” are trademarks of
Standard & Poor’s Financial Services LLC and have been licensed
for use by UBS. The Securities are not sponsored, endorsed, sold or
promoted by S&P and S&P makes no representation regarding
the advisability of investing in the Securities.
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 2015. 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.
Notes to Editors
UBS draws on its 150-year heritage to serve private,
institutional and corporate clients worldwide, as well as retail
clients in Switzerland. Its business strategy is centered on its
pre-eminent global wealth management businesses and its leading
universal bank in Switzerland, complemented by its Global Asset
Management business and its Investment Bank, with a focus on
capital efficiency and businesses that offer a superior structural
growth and profitability outlook.
UBS is present in all major financial centers worldwide. It has
offices in more than 50 countries, with about 35% of its employees
working in the Americas, 36% in Switzerland, 17% in the rest of
Europe, the Middle East and Africa and 12% in Asia Pacific. UBS
employs about 60,000 people around the world. Its shares are listed
on the SIX Swiss Exchange and the New York Stock Exchange
(NYSE).
Media EnquiriesUBS Investment BankNew York:Azar Boehm, +1
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