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UBS ETRACS Fisher-Gartman Risk Off ETN due 11/27/2041
Ticker Symbol: OFF* CUSIP: 90268A691 Exchange: NYSEA
* NOTE: This security is no longer trading as of 5/09/2014
Company's Online Profile
BUSINESS: UBS ETRACS Fisher-Gartman Risk Off Exchange Traded Note (ETN) due November 27, 2041 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 Fisher-Gartman Risk Off ETN provides short (inverse) exposure to the daily performance of the Index, reduced by the Tracking Fee. INDEX DESCRIPTION: The Fisher-Gartman Risk Index consists of a mix of long and short positions in various asset classes whose overall value is expected to rise when the outlook on markets and the broader economy is positive and to decrease when such outlook is negative. The Index is comprised of long positions in risk on instruments and short positions in risk off instruments in the following sectors: energy, agriculture and metals (through long positions in futures-based commodity indices); equities (through a long position in an index of exchange-traded products); currencies (through long and short positions in currency futures contracts); and domestic and foreign government bonds (through a short position in an index of sovereign bond futures contracts). A risk off instrument is one that MBF Index Holdings, LLC (the Index Sponsor) believes will increase in value when the outlook on markets and the broader economy is negative and decrease in value when such outlook is positive. A risk on instrument is one that the Sponsor believes will rise in value when the outlook on markets and the broader economy is positive and decrease in value when such outlook is negative. The value-based target weightings for the long and short positions are 150% and 50%, respectively, and the Index is rebalanced quarterly to return the weightings to these target levels. RETURNS AND MATURITY: The return on the Risk Off ETNs, which may be positive or negative, is linked to the daily inverse return of the Fisher-Gartman Risk Index as measured by the Daily Index Factor, which, in turn, is affected by a variety of market and economic factors, such as interest rates and volatility, and economic, financial, political, regulatory, judicial or other events that affect the Index Components, Index Sectors or the markets generally. At maturity for each Security, unless earlier redeemed or called, you will receive a cash payment per $25.00 Principal Amount of your Securities equal to the Current Principal Amount, which will be calculated on the Valuation Date based on the Index Closing Level. REDEMPTION AND FEES: Subject to the minimum redemption amount of 50,000 Securities 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 sum of (1) the Current Principal Amount on the applicable Valuation Date minus (2) the Redemption Fee plus (3) solely for the Risk On Securities, the Annual Distribution Amount, calculated on and as of the most recent Annual Distribution Valuation Date, For calculations of the 1.15% Tracking Fee and other fees or for further information on this ETN click on the Link to IPO Prospectus provided.
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Notes: April 29, 2014 -- UBS AG announced today that it will redeem all of the outstanding securities UBS AG Exchange Traded Access Securities (ETRACS) Fisher-Gartman Risk Off ETN will be called for redemption on May 9, 2014. Accordingly, NYSE Arca will suspend trading in the above issue prior to the opening of business on May 9, 2014.
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IPO - 11/29/2011 -
Link to IPO Prospectus
Micro Cap Stock -
Market Value $14.5 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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