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UBS Declares Quarterly Coupon On Six ETRACS Exchange Traded Notes

Stocks in this article: BDCLBDCSMLPGMLPIMLPLMLPWUBS

UBS Investment Bank today announced the quarterly coupon amounts for six ETRACS exchange traded notes (the “ETNs”), all traded on the NYSE Arca. Three of the ETNs are linked to Alerian MLP Indexes – ETRACS Alerian MLP Infrastructure ETN (Ticker: MLPI), ETRACS 2x Monthly Leveraged Long Alerian MLP Infrastructure ETN (Ticker: MLPL) and ETRACS Alerian Natural Gas MLP Index ETN (Ticker: MLPG). One ETN is linked to the Wells Fargo MLP Index – ETRACS Wells Fargo MLP ETN (Ticker: MLPW). Two of the ETNs are linked to the Wells Fargo Business Development Company Index – ETRACS Wells Fargo Business Development Company ETN (Ticker: BDCS) and ETRACS 2x Leveraged Long Wells Fargo Business Development Company ETN (Ticker: BDCL).

The table below summarizes the coupon amounts for the six ETNs:

                             
NYSE Arca Ticker   Name   Coupon Valuation Date   Ex-Date   Record Date   Payment Date   Coupon Amount per Note   Current Yield (annualized)*
MLPI   ETRACS Alerian MLP Infrastructure ETN   9/30/2011   10/11/2011   10/13/2011   10/21/2011   $0.4023   5.69%
MLPL ETRACS 2x

Monthly Leveraged

Long Alerian MLP

Infrastructure ETN

9/30/2011 10/11/2011 10/13/2011 10/21/2011 $0.9808 13.04%
MLPG ETRACS Alerian

Natural Gas MLP Index ETN

9/30/2011 10/11/2011 10/13/2011 10/21/2011 $0.3961 6.01%
MLPW ETRACS Wells

Fargo MLP ETN

9/30/2011 10/11/2011 10/13/2011 10/21/2011 $0.3425 5.64%
BDCS ETRACS Wells Fargo Business Development Company ETN 9/30/2011 10/11/2011 10/13/2011 10/21/2011 $0.4236 9.19%
BDCL ETRACS 2x Leveraged Long Wells Fargo Business Development Company ETN 9/30/2011 10/11/2011 10/13/2011 10/21/2011 $0.8265 22.94%
 

* “Current Yield” equals the current Coupon Amount annualized and divided by the closing price of the ETNs on October 3, 2011, or, if the closing price is not available on October 3, 2011, 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 ETNs.

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