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
LRET: linked to the MSCI US REIT Index
UBS Investment Bank today announced coupon payments for twelve
ETRACS exchange-traded notes (the “ETNs”), all traded on the NYSE
Arca. The relevant coupon information is provided in the table
below. For additional ETRACS information, go to www.etracs.com or
download the ETRACS Full ETN List.
NYSE Ticker ETN
Name
Valuation Date Ex-
Date
Record Date Payment Date
Coupon Amount Payment Schedule
Current Yield (annualized) RWXL*
ETRACS Monthly Pay 2xLeveraged Dow Jones
International Real Estate ETN
7/30/15 8/10/15 8/12/15 8/20/15 $0.1171 Monthly 5.67% DVYL*
ETRACS Monthly Pay 2xLeveraged Dow Jones
Select Dividend Index ETN
7/30/15 8/10/15 8/12/15 8/20/15 $0.1552 Monthly 7.99% SDYL*
ETRACS Monthly Pay 2xLeveraged S&P
Dividend ETN
7/30/15 8/10/15 8/12/15 8/20/15 $0.2081 Monthly 5.75% MORL*
ETRACS Monthly Pay 2xLeveraged Mortgage
REIT ETN
7/30/15 8/10/15 8/12/15 8/20/15 $0.1185 Monthly 24.95% DVHI*
ETRACS Diversified High Income ETN
7/30/15 8/10/15 8/12/15 8/20/15 $0.0807 Monthly 6.84% DVHL*
ETRACS Monthly Pay 2xLeveraged Diversified
High Income ETN
7/30/15 8/10/15 8/12/15 8/20/15 $0.1751 Monthly 16.15% CEFL*
ETRACS Monthly Pay 2xLeveraged Closed-End
Fund ETN
7/30/15 8/10/15 8/12/15 8/20/15 $0.3019 Monthly 20.66% FMLP*
ETRACS Monthly Pay Wells Fargo MLP
Ex-Energy ETN
7/30/15 8/10/15 8/12/15 8/20/15 $0.0911 Monthly 5.12% LMLP*
ETRACS Monthly Pay 2xLeveraged Wells Fargo
MLP Ex-Energy ETN
7/30/15 8/10/15 8/12/15 8/20/15 $0.2094 Monthly 12.41% HDLV*
ETRACS 2xLeveraged US High Dividend Low
Volatility ETN
7/30/15 8/10/15 8/12/15 8/20/15 $0.1761 Monthly 10.04% SMHD*
ETRACS Monthly Pay 2xLeveraged US Small
Cap High Dividend ETN
7/30/15 8/10/15 8/12/15 8/20/15 $0.1455 Monthly 19.82% LRET*
ETRACS 2xLeveraged MSCI US REIT Index
ETN
7/30/15 8/10/15 8/12/15 8/20/15 $0.0712 Monthly 7.63%
* Due to the monthly coupon payment schedule of these ETNs,
“Current Yield (annualized)” equals the sum of the most recently
announced 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.
Note: The ETNs listed in the table pay a variable monthly coupon
linked to 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 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. You 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 prospectus
supplement, or product supplement and pricing supplement, for the
ETRACS ETN.
This communication is issued by UBS AG and/or any of its
subsidiaries and/or any of its affiliates ("UBS"). Products and
services in this communication may not be available for residents /
institutions of certain jurisdictions.
In the United States, this communication is issued by UBS
Securities LLC (member FINRA, NYSE and SIPC) or UBS Financial
Services Inc. (member FINRA and SIPC), subsidiaries of UBS AG, or
solely to qualified US institutional investors by UBS AG or a
subsidiary or affiliate thereof that is not registered as a US
broker-dealer (a "non-US affiliate"). Transactions resulting from
materials distributed by a non-US affiliate must be effected
through UBS Securities LLC or UBS Financial Services Inc.
ETRACS ETNs are sold only in conjunction with the relevant
offering materials. UBS has filed a registration statement
(including a prospectus, as supplemented by a 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
prospectus and the prospectus supplement, or applicable 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.
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.
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.
“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.
ISE 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.
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 Wells Fargo® MLP Ex-Energy ETN and ETRACS Monthly Pay
2xLeveraged 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 WELLS
FARGO MLP EX-ENERGY ETN OR ETRACS MONTHLY PAY 2xLEVERAGED WELLS
FARGO® MLP EX-ENERGY ETN , OR FOR ANY OTHER USE.
The ETRACS Wells Fargo® MLP Ex-Energy ETN and ETRACS Monthly Pay
2x Leveraged 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 Wells Fargo® MLP Ex-Energy
ETN or ETRACS Monthly Pay 2X Leveraged 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
Wells Fargo® MLP Ex-Energy ETN or ETRACS Monthly Pay 2X Leveraged
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 Wells Fargo® MLP
Ex-Energy ETN or ETRACS Monthly Pay 2X Leveraged Wells Fargo MLP Ex
–Energy ETN. Wells Fargo has no obligation to take into
consideration the ETRACS Wells Fargo® MLP Ex-Energy ETN or ETRACS
Monthly Pay 2X Leveraged 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 Wells Fargo® MLP Ex-Energy
ETN or ETRACS Monthly Pay 2X Leveraged 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
WELLS FARGO MLP EX-ENERGY ETN OR ETRACS MONTHLY PAY 2X LEVERAGED
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.
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.
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.
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 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 is committed to providing private, institutional and
corporate clients worldwide, as well as retail clients in
Switzerland, with superior financial advice and solutions while
generating attractive and sustainable returns for shareholders. Its
strategy centers on its Wealth Management and Wealth Management
Americas businesses and its leading universal bank in Switzerland,
complemented by its Global Asset Management business and its
Investment Bank. These businesses share three key characteristics:
they benefit from a strong competitive position in their targeted
markets, are capital-efficient, and offer a superior structural
growth and profitability outlook. UBS's strategy builds on the
strengths of all of its businesses and focuses its efforts on areas
in which it excels, while seeking to capitalize on the compelling
growth prospects in the businesses and regions in which it
operates. Capital strength is the foundation of its success.
Headquartered in Zurich, Switzerland, UBS has offices in more
than 50 countries, including all major financial centers, and
approximately 60,000 employees. UBS Group AG is the holding company
of the UBS Group. Under Swiss company law, UBS Group AG is
organized as an Aktiengesellschaft, a corporation that has issued
shares of common stock to investors. The operational structure of
the Group comprises the Corporate Center and five business
divisions: Wealth Management, Wealth Management Americas, Retail
& Corporate, Global Asset Management and the Investment
Bank.
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