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UBS ETRACS - ProShares Daily 3x Long Crude ETN due 1/4/2047
Ticker Symbol: WTIU* CUSIP: 90274E117 Exchange: NYSEA
* NOTE: This security is no longer trading as of 4/06/2020
Company's Online Profile
BUSINESS: The UBS ETRACS - ProShares Daily 3x Long Crude ETN is an exchange-traded note due 1/4/2047 linked to the daily compounded 3x leveraged performance of the Bloomberg WTI Crude Oil Subindex ER, less investor fees. Exchange-traded Notes are senior, unsecured, unsubordinated
debt securities that provide investors with exposure to the total returns of various market indices, including those linked to stocks, bonds, commodities and/or currencies, less investor fees. UBS may elect to redeem all outstanding ETNs at any time on or after January 10, 2018. The daily return on the 3x Long ETNs will benefit from the daily increase in the index level. UNDERLYING INDEX: The Index is an excess return index that comprises 1 to 3 month exchange-traded futures contracts on a single commodity (West Texas Intermediate crude oil) and is a subindex of the Bloomberg Commodity Index (Bloomberg: BCOM) and a member of the Bloomberg Commodity Indices family. The Index is designed to measure the returns that are potentially available through an unleveraged investment in rolling West Texas Intermediate crude oil futures contracts traded on major commodity exchanges. The futures contracts are never held to delivery, and are instead rolled forward into replacement contracts every other month. The performance of the Index is primarily determined by changes in price of the futures contract(s) referenced by the Index, the timing of the roll and the relative price movements of the incoming contract and the outgoing contract. The WTI crude oil futures contracts tracked by the Index roll approximately every other month to the contract that is two months longer in maturity. The Index provides investors with a benchmark for rolling futures contracts in this single commodity. INVESTMENT RETURN: These securities will not pay any coupon or interest during their term. You will receive a cash payment at maturity, acceleration or upon exercise by UBS of its call right, based on the applicable performance of the Index less the Annual Tracking Fee. You will receive a cash payment upon early redemption based on the applicable performance of the Index less the Annual Tracking Fee, the Redemption Fee Amount and creation fee. The Securities are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. They are designed to achieve their stated investment objectives on a daily basis. Their performance over longer periods of time can differ significantly from their stated daily objectives. The securities are riskier than securities that have intermediate or long-term investment objectives, and may not be suitable for investors who plan to hold them for a period other than one day or who have a “buy and hold” strategy. Accordingly, the securities should be purchased only by knowledgeable investors who understand the potential consequences of investing in the Index and of seeking daily compounding leveraged inverse investment results. Investors should actively and continuously monitor their investments in the securities, even intra-day. It is possible that you will suffer significant losses in the securities even if the long-term performance of the Index is positive for 3X Long Securities. FOR FURTHER INFORMATION: Click on this security's prospectus by clicking on the Link to IPO Prospectus above for further and complete information on these speculative, daily investment orientated securities.
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Notes: March 20, 2020 -- UBS Investment Bank today announced that it will redeem all of the outstanding securities: WTIU: ProShares Daily 3x Long Crude ETN linked to the Bloomberg WTI Crude Oil Subindex CUSIP ER90274E117, EVIX: VelocityShares 1X Long VSTOXX Futures ETN CUSIP 90274E828 and EXIV: VelocityShares™ 1X Daily Inverse VSTOXX Futures ETN CUSIP 90274E810 The Call Settlement Amount for WTIU will equal the Current Principal Amount of WTIU on April 6, 2020, being the last Valuation Date in the five consecutive Index Business Days commencing March 31, 2020 and ending on April 6, 2020. The Call Settlement Amounts for EVIX and EXIV will equal the Closing Indicative Value of such securities, as applicable, on April 6, 2020.
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IPO - 1/4/2017 -
Link to IPO Prospectus
Micro Cap Stock -
Market Value $12.3 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, 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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