This summary text is fully AI-generated and may therefore contain errors or be incomplete.
UBS Investment Bank has announced coupon payments for 11 ETRACS Exchange Traded Notes (ETNs) listed on the NYSE Arca. These ETNs, which include HDLB, SMHB, and PFFL among others, provide variable monthly or quarterly coupons linked to the cash distributions of the underlying index constituents, excluding any withholding taxes. However, these coupon payments are not guaranteed and depend on the performance of the underlying indices.
The Current Yield, an annualized figure calculated from recent coupon amounts and the closing Current Indicative Value of the ETN, does not forecast future payments. ETRACS ETNs, being senior unsecured notes issued by UBS AG, carry investment risks, including the potential loss of the principal. The security of these investments is significantly influenced by the creditworthiness of UBS AG.
UBS AG has fulfilled all necessary regulatory filings, including a registration statement with the SEC, in relation to the ETNs. These documents are available to investors for a thorough understanding of the terms and associated risks. UBS, a leading universal bank in Switzerland and a global wealth manager, is the issuer of these ETNs. After acquiring Credit Suisse, the firm now manages over 5.5 trillion dollars in assets. UBS operates globally with its shares listed on the SIX Swiss Exchange and NYSE.
Indices such as the Dow Jones U.S. Select Dividend Index, S&P MLP Index, and others, are licensed for use by UBS AG but do not have sponsorship or endorsement from the respective index providers. Other indices like the Alerian MLP Index and the S-Network Composite Closed-End Fund Index are trademarks used under license. UBS prohibits unauthorized redistribution or reproduction of this information.
UBS strongly recommends investors to understand the detailed risk factors outlined in the relevant prospectus supplement before making an investment decision.
