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UBS ETRACS Natural Gas Futures Contango ETN due 6/14/2041
Ticker Symbol: GASZ* CUSIP: 90267B799 Exchange: NYSEA
* NOTE: This security is no longer trading as of 1/24/2014
Company's Online Profile
BUSINESS: UBS ETRACS Natural Gas Futures Contango ETN due 6/14/2041 are senior unsecured debt securities issued by UBS AG who is offering and selling the series of Exchange Traded Access Securities (ETRACS). INVESTMENT OBJECTIVE: The UBS ETRACS Natural Gas Futures Contango ETN due 6/14/2041 is designed to capitalize on natural gas markets in a state of contango, as evidenced by an upward sloping futures curve, while minimizing the exposure to absolute changes in futures prices. The ETRACS Natural Gas Futures Contango ETN is linked to the performance of the ISE Natural Gas Futures Spread Index. INDEX DESCRIPTION: The ISE Natural Gas Futures Spread Index through a series of investments in natural gas sub-indices, effectively provides short exposure in front month natural gas futures contracts and long exposure in mid-term natural gas futures contracts. The Index tracks continuous exposure to the natural gas futures prices in the form of a multi-position horizontal (calendar) spread. The spread position is established such that it provides a 1:1 notional based exposure (1 long: 1 short). A horizontal (calendar) spread is achieved by selling futures contracts that are within a couple of months from expiration and using the proceeds from the short sale to purchase futures contracts that are further from expiration. The Natural Gas Index seeks to provide investors with exposure to one or more maturities of Natural Gas Futures Contracts, which reflect the implied future price of Henry Hub Natural Gas. RETURNS AND MATURITY: The cash settlement amount on the Maturity Date, June 14, 2041, you will receive a cash payment per $25 Principal Amount of your Securities equal to the Current Principal Amount as of the Final Valuation Date. The Securities are not suitable for all investors. In particular, the Securities should be purchased only by knowledgable investors who understand the consequences of seeking compounded daily returns linked to either an unequal combination of combined long and short, or inverse, investment results and who intend to actively monitor and manage their investments. REDEMPTION AND FEES: You may elect to require UBS to redeem your Securities, in whole or in part, on any Redemption Date prior to the Maturity Date commencing on June 27, 2011 through and including June 7, 2041, subject to the minimum redemption amount of 50,000 Securities of the same series and to your compliance with the procedures. Upon early redemption, you will receive per Security a cash payment on the relevant Redemption Date equal to the Current Principal Amount as of the applicable Valuation Date, minus the Redemption Fee Amount. The Fee Amount on the Initial Trade Date will equal zero. On each subsequent calendar day until maturity, early redemption or call, the Fee Amount will equal the product of (i) 0.85% divided by 365 times (ii) the Current Principal Amount for that series on the previous calendar day. Because the Fee Amount is calculated and subtracted from the Current Principal Amount on a daily basis, the net effect of the Fee Amount accumulates over time. For further information on this ETN click on the Link to IPO Prospectus.
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Notes: 1/13/2014 UBS AG announced today that it will redeem all of the outstanding securities in each of the series
UBS AG Exchange Traded Access Securities (ETRACS) Oil Futures Contango ETN linked to the ISE Oil Futures Spread Index due June 14, 2041 90267B815
UBS AG Exchange Traded Access Securities (ETRACS) Natural Gas Futures Contango ETN linked to the ISE Natural Gas Futures Spread Index due June 14, 2041 90267B799
Terms used but not defined herein shall have the meanings ascribed to such terms in the Affected Securities. The Call Settlement Date for the Affected Securities shall be January 23, 2014. With respect to each series of Affected Securities, the Call Settlement Amount will be the Current Principal Amount of such series as of January 17, 2014. UBS AG will pay investors holding Affected Securities as of 5:00 p.m., New York time, on January 23, 2014, the applicable Call Settlement Amount. International Securities Exchange, LLC intends to discontinue the calculation and publication of the levels of the ISE Oil Futures Spread Index and the ISE Natural Gas Futures Spread Index on January 24, 2014.
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IPO - 6/15/2011 -
Link to IPO Prospectus
Micro Cap Stock -
Market Value $10.1 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Foreign Address and Phone Numbers |
Address: Bahnhofstrasse 45 P O Box CH 8098 Zurich, Switzerland |
Main Phone Number |
+41-1-234-41-00 |
Fax Number |
+41-1-234-34-15 |
Inv Rel Phone Number
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+41-1-234-43-60 |
Address and Phone Numbers |
U.S. Representative |
USB NY |
Address: 1285 Avenue of the Americas, New York, NY 10019 |
Main Phone Number |
212-821-3000 |
Fax Number |
212-713-1381 |
Investor Contact
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800-722-7370
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Toll Free Phone Number |
800-722-7370 |
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