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UBS ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN due 2/6/2045
Ticker Symbol: SMHD* CUSIP: 90274D838 Exchange: NYSEA
* NOTE: This security is no longer trading as of 3/12/2020
Company's Online Profile
BUSINESS: The UBS ETRACS Monthly Pay 2xLeveraged Small Cap High Dividend ETN is an Exchange Traded Note linked to the monthly compounded 2x leveraged performance of the Solactive US Small Cap High Dividend Index, less investor fees. SMHD pays a variable monthly coupon linked to the cash distributions, if any, on the Index constituents. The Solactive US Small Cap High Dividend Index is intended to track the price movements of stocks which are publicly traded on US stock exchanges and fulfill certain minimum requirements in terms of market capitalization. These 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 13, 2020 -- UBS Investment Bank today announced that all outstanding notes of the Monthly Pay 2xLeveraged US Small Cap High Dividend ETN due February 6, 2045 (Ticker: SMHD) (the “Securities“) will be mandatorily redeemed in accordance with the terms of the Securities as a result of the occurrence of an Acceleration Upon Minimum Indicative Value, triggered as a result of the indicative value of the Securities being less than $5.00 on March 12, 2020 (the “Acceleration Date”). ______________ October 8, 2018 -- UBS suspended creations and will no longer issue any new notes of SMHD, nor will it sell any of the notes remaining in its inventory. However, the notes may still be redeemed by the investors holding them, and they will remain listed on the NYSE Arca. Also, UBS can still call the notes as laid out in the ETN’s documentation. The press release from UBS says that the suspension will be effective until the issuer announces otherwise. In the meantime, investors could see significant premiums or discounts open up on the ETN.
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IPO - 2/3/2015 -
Link to IPO Prospectus
Micro Cap Stock -
Market Value $78.2 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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