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UBS ETRACS Oil Futures Contango ETN due 6/14/2041
Ticker Symbol: OILZ* CUSIP: 90267B815 Exchange: NYSEA
* NOTE: This security is no longer trading as of 1/23/2014
Company's Online Profile
BUSINESS: UBS ETRACS Oil Futures Contango ETN due 6/14/204, are unsecure debtedness notes issued by UBS AG and are not secured debt, who is offering the series of Exchange Traded Access Securities (ETRACS). INVESTMENT OBJECTIVE: The UBS ETRACS Oil Futures Contango ETN is designed to capitalize on oil markets in a state of contango, as evidenced by an upward sloping futures curve, while minimizing the exposure to absolute changes in oil futures prices. The ETRACS Oil Futures Contango ETN is linked to the performance of the ISE Oil Futures Spread Index. INDEX DESCRIPTION: The ISE Oil Futures Spread Index through an allocation to various oil sub-indices, effectively provides short exposure in front month oil futures contracts and long exposure in mid-term oil futures contracts. This is achieved by taking a 100% long position in the components of the ISE Short Front Month Oil Futures Index, which provides short (or inverse) exposure to the front month Light Sweet Crude Oil Futures (WTI) futures contracts and an aggregate 150% long position in the components of the ISE Sixth Month Oil Futures Index, ISE Seventh Month Oil Futures Index and ISE Eighth Month Oil Futures Index (50% per index), which provides long exposure to the mid-term Light Sweet Crude Oil Futures (WTI) futures contracts. The Index is rebalanced monthly before the Sub-Indices roll process to maintain the 1:5:1 ratio. The notes do not pay any interest during their term and do not guarantee any return of principal at maturity or upon redemption. MATURITY AND FEES: If you have not previously redeemed your ETNs and they are held to maturity, June 14, 2041, you will receive a cash payment per $25 Principal Amount of your Securities equal to the Current Principal Amount as of the Final Valuation Date. The investor fee is 0.85% per annum accrued on a daily basis. These notes constitute the company's direct, unconditional, unsecured and unsubordinated obligations and ranking pari passu, with all their other outstanding unsecured and unsubordinated obligations. For fee calculations and further information on this ETN click on the Link to IPO Prospectus provided.
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Notes: 1/13/2014 UBS AG announced today that it will redeem all of the outstanding securities in each of the series set forth
UBS AG Exchange Traded Access Securities (ETRACS) Oil Futures Contango ETN linked to the ISE Oil Futures Spread Index due June 14, 2041 90267B815
UBS AG Exchange Traded Access Securities (ETRACS) Natural Gas Futures Contango ETN linked to the ISE Natural Gas Futures Spread Index due June 14, 2041 90267B799
Terms used but not defined herein shall have the meanings ascribed to such terms in the Affected Securities. The Call Settlement Date for the Affected Securities shall be January 23, 2014. With respect to each series of Affected Securities, the Call Settlement Amount will be the Current Principal Amount of such series as of January 17, 2014. UBS AG will pay investors holding Affected Securities as of 5:00 p.m., New York time, on January 23, 2014, the applicable Call Settlement Amount. International Securities Exchange, LLC intends to discontinue the calculation and publication of the levels of the ISE Oil Futures Spread Index and the ISE Natural Gas Futures Spread Index on January 24, 2014.
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IPO - 6/15/2011 -
Link to IPO Prospectus
Micro Cap Stock -
Market Value $10.1 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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