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UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN due 10/16/2042
Ticker Symbol: MORL* CUSIP: 90269A302 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 Mortgage REIT ETN is an Exchange Traded Note linked to the monthly compounded 2x leveraged performance of the MVIS Global Mortgage REITs Index, reduced by the Accrued Fees. MORL is listed on the NYSE Arca exchange, is denominated in USD, and pays a USD-denominated variable monthly coupon linked to two times the cash distributions, if any, on the Index constituents, less any withholding taxes. The MVIS US Mortgage REITs Index is a float-adjusted, market capitalization-weighted index designed to measure the performance of publicly traded mortgage REITs. The Index provides 90% coverage of the investable mortgage REIT universe based on strict size and liquidity requirements. The Index is a price return index (i.e., the reinvestment of dividends is not reflected in the Index; rather, any cash distributions on the Index constituents, less any withholding taxes, are reflected in the variable monthly coupon that may be paid to investors of the ETN). While the Index is designed to represent global mortgage REITs, it currently consists of only US-listed mortgage REITs. The 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 Mortgage REIT ETN due October 16, 2042 (Ticker: MORL) (the “Series A Securities“) and the Monthly Pay 2xLeveraged Mortgage REIT ETN Series B due October 16, 2042 (Ticker: MRRL) (the "Series B Securities", and together with the Series A Securities, "the Securities") will be mandatorily redeemed in accordance with the terms of the respective 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 respective indicative values of the Securities being less than $5.00 on the Acceleration Date.
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IPO - 10/16/2012 -
Link to IPO Prospectus
Small Cap Stock -
Market Value $462.0 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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