UBS AG announced today that it does not intend to issue any new
notes in 38 of its outstanding ETRACS ETNs, which are listed in
Table I below and form part of a series of UBS AG debt securities
designated as “Medium-Term Notes, Series A” (the “Series A ETRACS
ETNs”). These Series A ETRACS ETNs will continue to trade on the
NYSE Arca. UBS AG expects that its affiliate UBS Securities LLC may
continue to sell these Series A ETRACS ETNs that UBS AG has
previously issued or that UBS Securities LLC may acquire in the
future. As described in the table below for each Series A ETRACS
ETN, this includes outstanding Series A ETRACS ETNs previously
issued by UBS AG that UBS Securities LLC may repurchase from the
public from time to time as well as Series A ETRACS ETNs issued by
UBS AG prior to the date of this announcement and not yet sold to
the public. The maximum number of each Series A ETRACS ETN that
could be outstanding at any time is set forth in the last column of
Table I below.
This announcement does not affect the terms of the outstanding
Series A ETRACS ETNs identified below, including the right of
noteholders to require UBS AG to redeem their notes on the terms,
and at the redemption price, set forth in the applicable prospectus
supplement (or product supplement and pricing supplement) and the
right of UBS AG to call the notes at the prices and under the
circumstances set forth in the applicable prospectus supplement (or
product supplement and pricing supplement).
UBS AG also announced today the launch of six new ETRACS ETNs,
identified below, which form part of a series of UBS AG debt
securities designated as “Medium-Term Notes, Series B“ (the “Series
B ETRACS ETNs”). The six new Series B ETRACS ETNS are each linked
to an index underlying one of six Series A ETRACS ETNs subject to
this announcement as identified in Table II below. In connection
with the previously announced transfer by UBS AG to UBS Switzerland
AG of specified assets, UBS Switzerland AG became a co-obligor of
all outstanding debt securities designated as Series A, including
the Series A ETRACS ETNs, issued by UBS AG prior to the transfer
date. Any UBS ETRACS ETNs issued after the transfer date have been
or will be designated as Series B, including the six new products
launched today, and do not have the benefit of the
co-obligation.
The table below indicates, for each Series A ETRACS ETN, (1) the
aggregate number of securities that have been issued by UBS AG
prior to the date of this announcement, (2) the aggregate number of
outstanding securities currently held by the public and (3) the
aggregate number of previously issued but unsold securities
currently available for sale to the public by UBS Securities
LLC.
Name / Link to Prospectus or Pricing
Supplement
Ticker Notes Issued Per ETN†*
Outstanding Notes Held By the
Public*
Previously IssuedBut Unsold
Notes Available forUBS Securities LLC to Sell*
ETRACS Alerian MLP Infrastructure Index
ETN
MLPI 110,000,000 64,524,130 45,475,870
ETRACS Alerian MLP Index ETN
AMU 28,000,000 20,577,274 7,422,726
ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN MORL
31,000,000 19,245,788 11,754,212 ETRACS 2xMonthly
Leveraged Long Alerian MLP Infrastructure Index ETN MLPL
10,000,000 8,557,606 1,442,394 ETRACS
2xLeveraged Long Wells Fargo Business Development Company Index ETN
BDCL 28,000,000 13,216,789 14,783,211
ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN CEFL
20,000,000 9,434,326 10,565,674 ETRACS
Bloomberg Commodity Index Total Return ETN DJCI
30,000,000 2,262,973 27,737,027 ETRACS CMCI Total
Return ETN UCI 12,000,000 3,110,820
8,889,180 ETRACS Linked to the Wells Fargo Business Development
Company Index ETN BDCS 8,000,000 2,866,171
5,133,829 ETRACS Monthly Reset 2xLeveraged S&P 500®
Total Return ETN SPLX 2,000,000 45,349
1,954,651 ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy
ETN LMLP 4,000,000 1,185,909 2,814,091
ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN
DVYL 4,000,000 437,693 3,562,307 ETRACS
Alerian Natural Gas MLP Index ETN MLPG 4,000,000
306,806 3,693,194 ETRACS Monthly Pay 2xLeveraged
Diversified High Income ETN DVHL 4,000,000
845,848 3,154,152 ETRACS Monthly Reset 2xLeveraged ISE
Exclusively Homebuilders ETN HOML 4,000,000
359,966 3,640,034 ETRACS ISE Exclusively Homebuilders ETN
HOMX 4,000,000 20,694 3,979,306 ETRACS
Wells Fargo® MLP Ex-Energy ETN FMLP 4,000,000
166,842 3,833,158 ETRACS S&P 500 VEQTOR Switch ETN
VQTS 4,000,000 226,407 3,773,593 ETRACS
Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN
HDLV 4,000,000 620,197 3,379,803 ETRACS
Monthly Pay 2xLeveraged MSCI US REIT Index ETN LRET
4,000,000 59,026 3,940,974 ETRACS Diversified High
Income ETN DVHI 1,000,000 85,131
914,869 ETRACS CMCI Long Platinum Total Return ETN PTM
5,000,000 972,568 4,027,432 ETRACS Monthly Pay
2xLeveraged US Small Cap High Dividend ETN SMHD
4,000,000 348,165 3,651,835 ETRACS Monthly Pay
2xLeveraged S&P Dividend ETN SDYL 4,000,000
130,212 3,869,788 ETRACS S&P 500 Gold Hedged
Index ETN SPGH 4,000,000 35,276
3,964,724 ETRACS CMCI Food Total Return ETN FUD
4,000,000 296,796 3,703,204 ETRACS Monthly Pay
2xLeveraged Dow Jones International Real Estate ETN RWXL
4,000,000 47,353 3,952,647 ETRACS CMCI Agriculture
Total Return ETN UAG 2,000,000 177,847
1,822,153 ETRACS Wells Fargo MLP Index ETN MLPW
4,000,000 198,456 3,801,544 ETRACS Daily Long-Short
VIX ETN XVIX 4,000,000 42,618 3,957,382
ETRACS CMCI Gold Total Return ETN UBG 4,000,000
142,633 3,857,367 ETRACS CMCI Silver Total Return ETN
USV 2,000,000 97,789 1,902,211 ETRACS
CMCI Livestock Total Return ETN UBC 2,000,000
4,525 1,995,475 ETRACS CMCI Energy Total Return ETN
UBN 2,000,000 92,977 1,907,023 ETRACS
1xMonthly Short Alerian MLP Infrastructure Total Return Index ETN
MLPS 4,000,000 96,297 3,903,703 ETRACS
CMCI Industrial Metals Total Return ETN UBM 2,000,000
58,058 1,941,942 UBS AG FI Enhanced Big Cap Growth
ETN FBG 30,000,000 922,128 29,077,872
UBS AG FI Enhanced Large Cap Growth ETN FBGX
7,500,000 6,586,878 913,122
†The Series A ETRACS ETNs were each issued with a stated
principal amount of $25 per security, except for FBGX, which was
issued with a stated principal amount of $100 per security.
*as of October 8, 2015
As disclosed in more detail in the applicable prospectus
supplement (or product supplement and pricing supplement) for each
of these Series A ETRACS ETNs, the market value of the notes may be
influenced by, among other things, supply and demand for the notes.
It is possible that the discontinuance of further issuances of
these notes by UBS AG, as described above, may influence the market
value of the notes. The suspension of new issuances of these notes
could affect the liquidity of the market for the notes, potentially
leading to insufficient supply and causing the notes to trade at a
premium above their closing or intraday indicative value. Any such
premium may subsequently decrease at any time and for any reason
without warning, resulting in financial loss to sellers who paid
this premium when they acquired their notes. In addition, if
investors elect to redeem their exhange-traded notes, any
redemption will be at the redemption value set forth in the
applicable prospectus supplement (or product supplement and pricing
supplement) and will not include any premium above that value.
Investors should always consult their financial advisors and
compare the intraday indicative value of the notes with the notes‘
then-prevailing market price before purchasing or selling these
Series A ETRACS ETNs, especially notes with premium
characteristics.
The applicable prospectus supplement (or product supplement and
pricing supplement) for each Series A ETRACS ETN identified above
can be accessed by clicking on the name of each ETRACS ETN
identified in the table above as well as on the SEC's website at
www.sec.gov.
The six new Series B ETRACS ETNs are expected to begin trading
tomorrow on the NYSE Arca®. The list below presents each new Series
B ETRACS ETN, its NYSE Arca ticker symbol and reference index:
1. ETRACS Alerian MLP Infrastructure Index ETN Series B
(NYSE Arca®:MLPB), which is linked to the performance of the
Alerian MLP Infrastructure Index.
2. ETRACS Alerian MLP Index ETN Series B (NYSE
Arca®:AMUB), which is linked to the performance of the
Alerian MLP Index.
3. ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series
B (NYSE Arca®:MRRL), which is linked to the monthly
compounded 2x leveraged performance of the Market Vectors Global
Mortgage REITs Index.
4. ETRACS CMCI Total Return ETN Series B (NYSE
Arca®:UCIB), which is linked to the performance of the
Bloomberg CMCI Total Return Index.
5. ETRACS Linked to the Wells Fargo Business Development
Company Index ETN Series B (NYSE Arca®:BDCZ), which is
linked to the performance of the Wells Fargo Business
Development Company Index.
6. ETRACS 2xLeveraged Long Wells Fargo Business Development
Company Index ETN Series B (NYSE Arca®:LBDC), which is
linked to the monthly compounded 2x leveraged performance of the
Wells Fargo Business Development Company Index.
The six new Series B ETRACS ETNs were sold on October 8, 2015 to
UBS Securities LLC at an initial offering price equal to the
closing indicative value of the corresponding outstanding Series A
ETRACS ETN on such date identified in the table below. These new
Series B ETRACS ETNs are linked to the same index as their
corresponding outstanding Series A ETRACS ETN.
Table II
New Listing
Corresponding Outstanding
Series A ETRACS ETN
MLPB MLPI AMUB AMU MRRL MORL UCIB UCI
BDCZ BDCS LBDC BDCL
In the future, UBS AG may launch additional Series B ETRACS ETNs
linked to some of the same indices to which other outstanding
Series A ETRACS ETNs subject to this announcement are linked,
although UBS AG is under no obligation to do so.
About ETRACS
For further information about ETRACS ETNs, go to www.etracs.com
or download the ETRACS Full ETN List.
ETRACS ETNs are senior unsecured medium term 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 involves significant 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 payment or
coupon 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, for the ETRACS ETNs in which you are
interested.
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 by means of a prospectus, as
supplemented by a prospectus supplement or product supplement and
pricing supplement for the particular offering of ETRACS ETNs to
which this communication relates. A registration statement of which
these documents form a part has been filed with the Securities and
Exchange Commission (the "SEC"). 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 obtain these documents
for free by visiting EDGAR on the SEC website at
http://www.sec.gov. Alternatively, you can request the prospectus
and the applicable product supplement and pricing supplement by
calling toll-free (+1-877-387 2275). This communication shall not
constitute an offer for or a solicitation of an offer to buy any
ETRACS ETNs referenced herein.
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.
UBS Bloomberg Constant Maturity Commodity Index, UBS Bloomberg
CMCI and CMCI are service marks of UBS and/or Bloomberg. Covered by
US Patent Nos. 8,175,949 and 8,195,543. All rights reserved. UBS
assumes sole responsibility for this marketing material, which has
not been reviewed by Bloomberg. ”Bloomberg®” and “Bloomberg
Commodity Index Total Return” are service marks of Bloomberg
Finance L.P. and its affiliates (collectively, “Bloomberg”) and
have been licensed for use for certain purposes by UBS AG and its
affiliates. Bloomberg is not affiliated with UBS, and does not
approve, endorse, review, or recommend the ETRACS Bloomberg
Commodity Index Total Return ETN. Neither Bloomberg nor UBS
guarantees the timeliness, accurateness, or completeness of any
data or information relating to the Bloomberg Commodity Index Total
Return. UBS assumes sole responsibility for this marketing
material, which has not been reviewed by Bloomberg. “Standard &
Poor’s®,” “S&P®,” “S&P 500®,” “Standard & Poor’s
500TM,” “S&P 500 Gold Hedged,” “S&P 500 VIX Futures
Term-Structure Index ERTM,” “S&P 500 VIX Short-Term FuturesTM
Index ER,” “S&P 500 VIX Mid-Term FuturesTM Index,” and “S&P
High Yield Dividend Aristocrats®”are trademarks of Standard &
Poor’s Financial Services LLC (“S&P”) and have been licensed
for use by UBS. “VIX” is a registered trademark of the Chicago
Board Options Exchange, Incorporated (“CBOE”) and has been licensed
to S&P.
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, AMX, AMZX, AMZI, and ANGI are trademarks of Alerian
and their use is granted under a license from Alerian.
The ETRACS ETNs are not sponsored, endorsed, sold or promoted by
S&P or CBOE and neither S&P nor CBOE makes any
representation regarding the advisability of investing in the ETNs.
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 MLP Index, ETRACS Wells Fargo Business Development
Company 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 MLP Index, ETRACS Wells Fargo Business Development
Company Index, and 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 MLP
Index, ETRACS Wells Fargo Business Development Company Index, and
ETRACS 2xLeveraged Long Wells Fargo Business Development Company
Index. Wells Fargo has no obligation to take into consideration the
ETRACS Wells Fargo MLP Index, ETRACS Wells Fargo Business
Development Company Index, and 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 MLP Index, ETRACS Wells Fargo Business
Development Company Index, and 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 MLP INDEX, ETRACS WELLS FARGO
BUSINESS DEVELOPMENT COMPANY 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.
“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 to CME and have
been sublicensed for use for certain purposes by UBS AG. UBS AG’s
ETRACS Monthly Pay 2xLeveraged Dow Jones International Real Estate
ETN based on the Dow Jones Global ex-U.S. Select Real Estate
Securities IndexSM and Monthly Pay 2xLeveraged Dow Jones Select
Dividend ETN based on the Dow Jones U.S. Select Dividend IndexSM
are not sponsored, endorsed, sold or promoted by CME Indexes, Dow
Jones or their respective affiliates, and CME Indexes, Dow Jones
and their respective affiliates make no representation regarding
the advisability of trading in such product(s).
The ETRACS Monthly Pay 2xLeveraged Mortgage REIT 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 ETRACS Monthly
Pay 2xLeveraged Mortgage REIT or any member of the public regarding
the advisability of investing in securities generally or in the
ETRACS Monthly Pay 2xLeveraged Mortgage REIT 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 ETRACS
Monthly Pay 2xLeveraged Mortgage REIT 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. ETRACS Monthly Pay 2xLeveraged
Mortgage REIT 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 ETRACS Monthly Pay
2xLeveraged Mortgage REIT 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, ETRACS Monthly Pay 2xLeveraged Mortgage REIT
ETN, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE ETRACS
Monthly Pay 2xLeveraged Mortgage REIT 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
INCLUDING 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 S&P 500® Total Return Index is a product of S&P Dow
Jones Indices LLC or its affiliates (“SPDJI”), and has been
licensed for use by UBS AG. Standard & Poor’s® and S&P® are
registered trademarks of Standard & Poor’s Financial Services
LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones
Trademark Holdings LLC (“Dow Jones”); and these trademarks have
been licensed for use by SPDJI and sublicensed for certain purposes
by UBS AG. ETRACS Monthly Reset 2xLeveraged S&P 500® Total
Return ETN is not sponsored, endorsed, sold or promoted by SPDJI,
Dow Jones, S&P, their respective affiliates, 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 S&P 500® Total
Return Index.
The S&P 500® Total Return Index is a product of S&P Dow
Jones Indices LLC or its affiliates (“SPDJI”), and has been
licensed for use by UBS AG. Standard & Poor’s® and S&P® are
registered trademarks of Standard & Poor’s Financial Services
LLC (“S&P”) and Dow Jones® is a registered trademark of Dow
Jones Trademark Holdings LLC (“Dow Jones”). The trademarks have
been licensed to SPDJI and have been sublicensed for use for
certain purposes by UBS AG. ETRACS Monthly Reset 2xLeveraged
S&P 500® Total Return ETN is not sponsored, endorsed, sold or
promoted by SPDJI, Dow Jones, S&P, any of their respective
affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow
Jones Indices does not make any representation or warranty, express
or implied, to the owners of the ETRACS Monthly Reset 2xLeveraged
S&P 500® Total Return ETN or any member of the public regarding
the advisability of investing in securities generally or in ETRACS
Monthly Reset 2xLeveraged S&P 500® Total Return ETN
particularly or the ability of the S&P 500® Total Return Index
to track general market performance. S&P Dow Jones Indices only
relationship to UBS AG with respect to the S&P 500® Total
Return Index is the licensing of the Index and certain trademarks,
service marks and/or trade names of S&P Dow Jones Indices
and/or its licensors. The S&P 500® Total Return Index is
determined, composed and calculated by S&P Dow Jones Indices
without regard to UBS AG or the ETRACS Monthly Reset 2xLeveraged
S&P 500® Total Return ETN. S&P Dow Jones Indices have no
obligation to take the needs of UBS AG or the owners of ETRACS
Monthly Reset 2xLeveraged S&P 500® Total Return ETN into
consideration in determining, composing or calculating the S&P
500® Total Return Index. S&P Dow Jones Indices are not
responsible for and have not participated in the determination of
the prices, and amount of ETRACS Monthly Reset 2xLeveraged S&P
500® Total Return ETN or the timing of the issuance or sale of
ETRACS Monthly Reset 2xLeveraged S&P 500® Total Return ETN or
in the determination or calculation of the equation by which ETRACS
Monthly Reset 2xLeveraged S&P 500® Total Return ETN is to be
converted into cash, surrendered or redeemed, as the case may be.
S&P Dow Jones Indices have no obligation or liability in
connection with the administration, marketing or trading of ETRACS
Monthly Reset 2xLeveraged S&P 500® Total Return ETN. There is
no assurance that investment products based on the S&P 500®
Total Return Index will accurately track index performance or
provide positive investment returns. S&P Dow Jones Indices LLC
is not an investment advisor. Inclusion of a security within an
index is not a recommendation by S&P Dow Jones Indices to buy,
sell, or hold such security, nor is it considered to be investment
advice.
S&P DOW JONES INDICES DOES NOT GUARANTY THE ADEQUACY,
ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE S&P 500®
TOTAL RETURN INDEX OR ANY DATA RELATED THERETO OR ANY
COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN
COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT
THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY
DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN.
S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES,
AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANT ABILITY OR
FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE
OBTAINED BY UBS AG, OWNERS OF THE ETRACS MONTHLY RESET 2xLEVERAGED
S&P 500® TOTAL RETURN ETN, OR ANY OTHER PERSON OR ENTITY FROM
THE USE OF THE S&P 500® TOTAL RETURN INDEX OR WITH RESPECT TO
ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN
NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES 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. THERE ARE NO THIRD PARTY BENEFICIARIES OF
ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES
AND UBS AG, OTHER THAN THE LICENSORS OF S&P DOW JONES
INDICES.
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.
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 Exclusively Homebuilders™”, “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 Exclusively Homebuilders™ 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.
The S&P MLP Index (the “Index”) is a product of S&P Dow
Jones Indices LLC (“SPDJI”), and has been licensed for use by UBS
AG. Standard & Poor’s® and S&P® are registered trademarks
of Standard & Poor’s Financial Services LLC (“S&P”); Dow
Jones® is a registered trademark of Dow Jones Trademark Holdings
LLC (“Dow Jones”); and these trademarks have been licensed for use
by SPDJI and sublicensed for certain purposes by UBS AG. The ETRACS
2xMonthly Leveraged S&P MLP Index ETN are not sponsored,
endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of
their respective affiliates (collectively, “S&P Dow Jones
Indices”). S&P Dow Jones Indices makes no representation or
warranty, express or implied, to the owners of the ETRACS 2xMonthly
Leveraged S&P MLP Index ETN or any member of the public
regarding the advisability of investing in securities generally or
in the ETRACS 2xMonthly Leveraged S&P MLP Index ETN
particularly or the ability of the S&P MLP Index to track
general market performance. S&P Dow Jones Indices’ only
relationship to UBS AG with respect to the S&P MLP Index is the
licensing of the Index and certain trademarks, service marks and/or
trade names of S&P Dow Jones Indices and/or its licensors. The
S&P MLP Index is determined, composed and calculated by S&P
Dow Jones Indices without regard to UBS AG or the ETRACS 2xMonthly
Leveraged S&P MLP Index ETN. S&P Dow Jones Indices have no
obligation to take the needs of UBS AG or the owners of the ETRACS
2xMonthly Leveraged S&P MLP Index ETN into consideration in
determining, composing or calculating the S&P MLP Index.
S&P Dow Jones Indices are not responsible for and have not
participated in the determination of the prices, and amount of the
ETRACS 2xMonthly Leveraged S&P MLP Index ETN or the timing of
the issuance or sale of the ETRACS 2xMonthly Leveraged S&P MLP
Index ETN or in the determination or calculation of the equation by
which the ETRACS 2xMonthly Leveraged S&P MLP Index ETN is to be
converted into cash, surrendered or redeemed, as the case may be.
S&P Dow Jones Indices have no obligation or liability in
connection with the administration, marketing or trading of the
ETRACS 2xMonthly Leveraged S&P MLP Index ETN. There is no
assurance that investment products based on the S&P MLP Index
will accurately track index performance or provide positive
investment returns. S&P Dow Jones Indices LLC is not an
investment advisor. Inclusion of a security within an index is not
a recommendation by S&P Dow Jones Indices to buy, sell, or hold
such security, nor is it considered to be investment advice.
The MSCI information may only be used for your internal use, may
not be reproduced or redisseminated 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.
(www.msci.com).
Russell Investments and UBS have entered into a non-exclusive
license agreement providing for the license to UBS, and certain of
its affiliated or subsidiary companies, in exchange for a fee, of
the right to use the Index, which is owned and published by Russell
Investments, in connection with the Securities.
The Securities are not sponsored, endorsed, sold or promoted by
Russell Investments. Russell Investments makes no representation or
warranty, express or implied, to the owners of the securities or
any member of the public regarding the advisability of investing in
securities generally or in the securities particularly or the
ability of the Index to track general stock market performance or a
segment of the same. Russell Investments’ publication of the Index
in no way suggests or implies an opinion by Russell Investments as
to the advisability of investment in any or all of the securities
upon which the Index is based. Russell Investments’ only
relationship to UBS is the licensing of certain trademarks and
trade names of Russell Investments and of the Index, which is
determined, composed and calculated by Russell Investments without
regard to UBS or the securities. Russell Investments is not
responsible for and has not reviewed the securities nor any
associated literature or publications and Russell Investments makes
no representation or warranty express or implied as to their
accuracy or completeness, or otherwise. Russell Investments
reserves the right, at any time and without notice, to alter,
amend, terminate or in any way change the Index. Russell
Investments has no obligation or liability in connection with the
administration, marketing or trading of the securities.
RUSSELL INVESTMENTS DOES NOT GUARANTEE THE ACCURACY AND/OR THE
COMPLETENESS OF THE RUSSELL 1000® GROWTH INDEX OR ANY DATA INCLUDED
THEREIN AND RUSSELL INVESTMENTS SHALL HAVE NO LIABILITY FOR ANY
ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. RUSSELL INVESTMENTS
MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED
BY UBS, INVESTORS, OWNERS OF THE SECURITIES, OR ANY OTHER PERSON OR
ENTITY FROM THE USE OF THE RUSSELL 1000® GROWTH INDEX OR ANY DATA
INCLUDED THEREIN. RUSSELL INVESTMENTS 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 RUSSELL 1000® GROWTH INDEX OR ANY DATA INCLUDED
THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL
RUSSELL INVESTMENTS HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE,
INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN
IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
The “Russell 1000® Index” is a trademark of Russell Investments
and has been licensed for use by UBS. The Securities are not
sponsored, endorsed, sold or promoted by Russell Investments and
Russell Investments 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 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.
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
Group AG employs about 60,000 people around the world. Its shares
are listed on the SIX Swiss Exchange and the New York Stock
Exchange (NYSE).
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151008006583/en/
UBS AGMedia EnquiriesNew York:Erica Chase, +1
212-713-1302
UBS (NYSE:UBS)
Historical Stock Chart
From Aug 2024 to Sep 2024
UBS (NYSE:UBS)
Historical Stock Chart
From Sep 2023 to Sep 2024