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UBS ETRACS 1xMonthly Short Alerian MLP Infrastructure TR Index due 10/1/2040
Ticker Symbol: MLPS* CUSIP: 902641612 Exchange: NYSEA
* NOTE: This security is no longer trading as of 6/26/2018
Company's Online Profile
BUSINESS: UBS ETRACS 1xMonthly Short Alerian MLP Infrastructure Total Return Index due 10/1/2040, 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 1xMonthly Short Alerian MLP Infrastructure Total Return Index is designed to provide a short exposure to the MLP Infrastructure market by tracking the inverse performance of the Alerian MLP Infrastructure Total Return Index plus a fixed income return based on a hypothetical 91-day Treasury Bill portfolio, less investor fees. The Securities seek to approximate the returns that might be available to investors through short sales of the equity securities in the Index. Short selling is the practice of selling assets (e.g., equity securities) that have been borrowed from a third party lender with the intention of buying identical assets back at a later date to return to such lender. By doing so, the short seller seeks to benefit from an anticipated decline in the value of the assets between the sale and the repurchase, as the short seller would pay less to repurchase the assets than he had originally received on selling the borrowed assets. Conversely, a short seller will incur a loss if the value of the assets rises between the sale and the repurchase. In order to seek to replicate this short-selling strategy, the Securities provide that each $25 invested by the investors is leveraged through an amount of $25 worth of equity securities in the Index. INDEX DESCRIPTION: The Alerian MLP Infrastructure Total Return 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: On the Maturity Date, the Redemption Date, the Acceleration Settlement Date or the Call Settlement Date, as the case may be, you will receive a cash payment per Security in an amount equal to the Closing Indicative Security Value, minus, only pursuant to an early redemption, the Redemption Fee Amount. REDEMPTION AND FEES: You may elect to require UBS to redeem your Securities, in whole or in part, once a week prior to the Maturity Date commencing on October 13, 2010 through and including September 19, 2040, subject to a minimum redemption amount of at least 50,000 Securities. If you redeem your Securities, you will receive a cash payment equal to the Closing Indicative Security Value minus the Redemption Fee Amount. For calculations of the Redemption and Tracking Fees, Finance Charges and for further information on this ETN click on the Link to IPO Prospectus.
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Notes: June 12, 2018 -- UBS is closing five ETRACS and three VelocityShares ETNs. The eight products will see their last day of trading on June 25, 2018.
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IPO - 9/28/2010 -
Link to IPO Prospectus
Previous Name: ETRACS Alerian MLP Index infrastructure Total Return Index due 10/1/2040
Micro Cap Stock -
Market Value $8.3 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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