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UBS ETRACS 2xMonthly Leveraged Long Alerian MLP Infrastructure Index 7/9/2040
Ticker Symbol: MLPL* CUSIP: 902664200 Exchange: NYSEA
* NOTE: This security is no longer trading as of 2/01/2016
Company's Online Profile
BUSINESS: UBS ETRACS 2xMonthly Leveraged Long Alerian MLP Infrastructure Index due 7/9/2040 are senior unsecured debt securities issued by UBS AG who is offering and selling the Medium-Term Notes, Series A of Exchange Traded Access Securities (ETRACS). INVESTMENT OBJECTIVE: The UBS ETRACS 2xMonthly Leveraged Long Alerian MLP Infrastructure Index is designed to track a leveraged investment in the Alerian MLP Infrastructure Index and pay a variable quarterly coupon linked to the leveraged cash distributions associated with the underlying MLP constituents, less financing costs and investor fees. INDEX DESCRIPTION: The Alerian MLP Infrastructure Index comprised of 25 energy infrastructure Master Limited Partnerships, is a liquid, midstream-focused subset of the Alerian MLP Index (NYSE: AMZ). The Index, whose constituents generally earn the majority of their cash flow from the transportation and storage of energy commodities, provides investors with a benchmark for the infrastructure component of this emerging asset class. The Index is calculated using a capped, float-adjusted, capitalization-weighted methodology that results in greater diversification versus a pure market capitalization-weighted index. RETURNS AND MATURITY: The cash settlement amount on the Maturity Date, July 9, 2040, you will receive for each Security, unless earlier redeemed or called, you will receive at maturity a cash payment equal to (a) the product of (i) the Current Principal Amount and (ii) the Index Factor as of the last Index Business Day in the Final Measurement Period plus (b) the final Coupon Amount, minus (c) the Accrued Tracking Fee as of the last Index Business Day in the Final Measurement Period minus (d) the Accrued Financing Charges as of the last Index Business Day in the Final Measurement Period plus (e) the Stub Reference Distribution Amount as of the last Index Business Day in the Final Measurement Period, if any. 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 July 9, 2010 through and including the final Redemption Date, subject to the minimum redemption amount of at least 50,000 Securities and to your compliance with the procedures. Coupon Amount: For each Security you hold on the applicable Coupon Record Date you will receive on each Coupon Payment Date an amount in cash equal to the Coupon Amount, if any. For calculations of the 0.85% Tracking Fees, Finance Charges and for further information on this ETN click on the Link to IPO Prospectus. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest.
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Notes: January 20, 2016 -- UBS Investment Bank today announced that all outstanding notes of the 2xMonthly Leveraged Long Exchange-traded Access Securities (ETRACS) linked to the Alerian MLP Infrastructure Index due July 9, 2040 (Ticker: MLPL) will be mandatorily redeemed in accordance with the terms of the Securities as a result of the occurrence of an Acceleration Event, triggered as a result of the intraday index value decreasing by more than 30% from the most recent Monthly Initial Closing Level (as defined in the prospectus supplement relating to the Securities) to below 349.81 on January 20, 2016 (the Acceleration Date).
As disclosed in more detail in the prospectus supplement relating to the Securities, all outstanding notes will be automatically accelerated and redeemed and holders will be entitled to receive the Acceleration Amount calculated in accordance with the terms of the Securities. Payment of the Acceleration Amount will be made on the Acceleration Settlement Date, which will be February 1, 2016.
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IPO - 7/6/2010 -
Link to IPO Prospectus
Previous Name: E-TRACS Alerian MLP Infrastructure ETN due 7/9/2040 Changed: 7/29/2010
Micro Cap Stock -
Market Value $95.8 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 P O Box CH 8098 Zurich, Switzerland |
| Main Phone Number |
+41-1-234-41-00 |
| Fax Number |
+41-1-234-34-15 |
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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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