UBS Investment Bank has announced coupon payments for 9 ETRACS Exchange-Traded Notes (ETNs) traded on NYSE Arca and the expected coupon payments for 3 ETNs traded on NASDAQ. These notes, collectively referred to as “ETNs,” are linked to various underlying indices and offer quarterly or monthly payouts.
ETNs Traded on NYSE Arca
| Ticker | ETN Name | Coupon Valuation Date | Ex-Date | Record Date | Payment Date | Coupon Amount | Payment Schedule | Annualized Yield |
|---|---|---|---|---|---|---|---|---|
| MLPB | ETRACS Alerian MLP Infrastructure Index ETN Series B | 12/30/2024 | 1/13/2025 | 1/13/2025 | 1/22/2025 | $0.3901 | Quarterly | 6.21% |
| MLPR | ETRACS 1.5x Leveraged Alerian MLP Index ETN | 12/30/2024 | 1/13/2025 | 1/13/2025 | 1/22/2025 | $1.4971 | Quarterly | 10.12% |
| BDCZ | ETRACS MarketVector Business Development Companies Index ETN | 12/30/2024 | 1/13/2025 | 1/13/2025 | 1/22/2025 | $0.3226 | Quarterly | 6.66% |
| BDCX | ETRACS 1.5x Leveraged MarketVector BDC Index ETN | 12/30/2024 | 1/13/2025 | 1/13/2025 | 1/22/2025 | $0.8983 | Quarterly | 11.08% |
| HDLB | ETRACS 2x Leveraged US High Dividend Low Volatility Index ETN | 12/30/2024 | 1/13/2025 | 1/13/2025 | 1/22/2025 | $0.1095 | Monthly | 11.03% |
| SMHB | ETRACS 2x Leveraged US Small Cap High Dividend Index ETN | 12/30/2024 | 1/13/2025 | 1/13/2025 | 1/22/2025 | $0.0860 | Monthly | 15.07% |
| PFFL | ETRACS 2x Leveraged Preferred Stock Index ETN | 12/30/2024 | 1/13/2025 | 1/13/2025 | 1/22/2025 | $0.1000 | Monthly | 15.57% |
| CEFD | ETRACS 1.5x Leveraged Closed-End Fund Index ETN | 12/30/2024 | 1/13/2025 | 1/13/2025 | 1/22/2025 | $0.3004 | Monthly | 15.47% |
| MVRL | ETRACS 1.5x Leveraged Mortgage REIT Index ETN | 12/30/2024 | 1/13/2025 | 1/13/2025 | 1/22/2025 | $0.0863 | Monthly | 9.90% |
ETNs Traded on NASDAQ
| Ticker | ETN Name | Indicative Value | Ex-Date | Record Date | Payment Date | Expected Coupon Amount | Payment Schedule | Expected Yield |
|---|---|---|---|---|---|---|---|---|
| GLDI | ETRACS Gold Shares Covered Call ETN | $153.30 | 1/22/2025 | 1/22/2025 | 1/27/2025 | $1.6262 | Monthly | 9.66% |
| SLVO | ETRACS Silver Shares Covered Call ETN | $73.19 | 1/22/2025 | 1/22/2025 | 1/27/2025 | $0.7359 | Monthly | 15.95% |
| USOI | ETRACS Crude Oil Shares Covered Call ETN | $65.69 | 1/22/2025 | 1/22/2025 | 1/27/2025 | $1.1621 | Monthly | 26.12% |
Important Notes
- Monthly and quarterly coupon payments are variable and depend on distributions from underlying indices.
- Current and expected yields are not indicative of future payouts and may vary significantly.
- For more details on risks and uncertainties, please refer to the prospectus and pricing supplements of the respective ETNs.
Forward-Looking Statement Disclaimer
This release includes forward-looking statements subject to risks and uncertainties. Actual results may differ materially due to unforeseen circumstances. UBS does not commit to updating forward-looking statements.
UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. With the acquisition of Credit Suisse, UBS manages 5.7 trillion dollars of invested assets as per fourth quarter 2023. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
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The Dow Jones U.S. Select Dividend Index, and the S&P MLP Index (“Indexes”) are products of S&P Dow Jones Indices LLC and have been licensed for use by UBS AG. Copyright © 2020 S&P Dow Jones Indices LLC (“S&P DJI”), a division of S&P Global. All rights reserved. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). UBS’s ETRACS Exchange Traded Notes based on the Indexes are not sponsored, endorsed, marketed or sold by S&P DJI, S&P, Dow Jones, their affiliates or third party licensors 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 Indexes.
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Alerian MLP Index, Alerian MLP Infrastructure Index, AMZ, and AMZI are trademarks of Alerian and their use is granted under a license from Alerian.
The S-Network Composite Closed-End Fund Index is a service mark of S-Network Global Indexes, Inc. (“S-Network”) and its use is granted under a license from S-Network. S-Network does not guarantee the accuracy and/or completeness of the S-Network Composite Closed-End Fund Index or any data included therein, and S-Network shall have no liability for any errors, omissions, interruptions, or defects therein. S-Network makes no warranty, express or implied, representations or promises, as to results to be obtained by UBS AG, or any other person or entity from the use of the S-Network Composite Closed-End Fund Index or any data included therein. S-Network makes no express or implied warranties, representations or promises, regarding the originality, merchantability, suitability, non-infringement, or fitness for a particular purpose or use with respect to the S-Network Composite Closed-End Fund Index or any data included therein. Without limiting any of the foregoing, in no event shall S-Network have any liability for any direct, indirect, special, incidental, punitive, consequential, or other damages (including lost profits), even if notified of the possibility of such damages.
The ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (“MVRL ETN”) is not sponsored, endorsed, sold or promoted by MarketVector Indexes GmbH (“Licensor”) and Licensor makes no representation or warranty, express or implied, to the owners of the MVRL ETN or any member of the public regarding the advisability of investing in securities generally or in the MVRL ETN particularly or the ability of the Market Vectors® US Mortgage REITs Index to track the performance of the US mortgage REIT market.
The ETRACS MarketVector Business Development Companies Liquid Index ETN and the ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN (“ETNs”) are not sponsored, endorsed, sold or promoted by MarketVector Indexes GmbH (“Licensor”) and Licensor makes no representation or warranty, express or implied, to the owners of the 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 MarketVector US Business Development Companies Liquid Index to track the performance of the US BDC market.
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