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UBS ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN
Ticker Symbol: LMLP* CUSIP: 90273A207 Exchange: NYSEA
* NOTE: This security is no longer trading as of 3/16/2020
Company's Online Profile
BUSINESS: The UBS ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN is an Exchange Traded Note linked to the monthly compounded 2x leveraged performance of Wells Fargo Master Limited Partnership Ex-Energy Index, less investor fees. LMLP has been approved for listing on the NYSE Arca® exchange and pays a variable monthly coupon linked to the cash distributions, if any, on the Index constituents. The Wells Fargo Master Limited Partnership Ex-Energy Index is intended to measure the performance of all non-energy master limited partnerships (“MLPs”) listed on the New York Stock Exchange, NYSE MKT or NASDAQ that satisfy market capitalization and other eligibility requirements. The Index is a modified market capitalization-weighted index of master limited partnerships (MLPs) that do not have an energy focus and that have a market capitalization of at least $100 million at the time of inclusion. The capitalization weighting methodology is referred to as modified because it includes a 10% weighting limit under which the MLP classes of a particular issuer may not exceed 10% of the total capitalization of the Index. These ETNs should be purchased only by knowledgeable investors who understand the risks of investing in the ETNs. For further detailed information on this speculative security, click on the Link to IPO Prospectus given below.
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Notes: March 17, 2020 -- UBS Investment Bank today announced that all outstanding notes of the Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN due June 24, 2044 (Ticker: LMLP) (the “Securities“) will be mandatorily redeemed in accordance with the terms of the Securities as a result of the occurrence of an Acceleration Upon Minimum Indicative Value on March 16, 2020 (the "Acceleration Date"), triggered as a result of the intraday indicative value of the Securities on the Acceleration Date decreasing by more than 60% in value from the closing indicative value of the Securities on the previous Monthly Valuation Date.
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IPO - 6/24/2014 -
Link to IPO Prospectus
Micro Cap Stock -
Market Value $32.0 Million
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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, CH-8098, Zurich, Switzerland |
| Main Phone Number |
+41-44-234-1111 |
| Fax Number |
+41-44-234-3415 |
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Inv Rel Phone Number
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+41-44-234-4100 |
| 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 |
877-387-7370 |
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