UBS
Investment Bank
today announced coupon payments for four
ETRACS
exchange-traded notes (the “ETNs”), all traded on the NYSE Arca. The
relevant coupon information is provided in the table below:
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* “Current Yield” for each ETN equals the current Coupon Amount
annualized and 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
ETNs. You are not guaranteed any coupon or distribution amount under
the ETNs.
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Note: RWXL, DVYL, SDYL and MORL pay a variable monthly coupon linked
to 2 times 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.
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About ETRACS
For further information about ETRACS ETNs, go to
http://www.etracs.com.
Exchange Traded Access Securities ETNs (“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:
-
Access to asset classes with historically low correlations to more
traditional asset classes
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Convenience of an exchange-traded security
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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 product supplement and pricing supplement for the
ETRACS ETN.
This material is issued by UBS AG or an affiliate thereof ("UBS").
Products and services mentioned in this publication 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 in conjunction with the relevant offering
materials. UBS has filed a registration statement (including a
prospectus, as supplemented by a 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 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 Index
SM”
or the “Dow Jones U.S. Select Dividend Index
SM”. 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 Index
SM or the Dow Jones U.S. Select Dividend Index
SM.
It is possible that this trading activity will affect the value of the
Dow Jones Global ex-U.S. Select Real Estate Securities Index
SM
, the Dow Jones U.S. Select Dividend Index
SM, 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 INDEX
SM, THE DOW JONES U.S. SELECT DIVIDEND
INDEX
SM 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 INDEX
SM 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 INDEX
SM,
THE DOW JONES U.S. SELECT DIVIDEND INDEX
SM 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.
