UBS declares coupon payments on 11 ETRACS Exchange Traded Notes
UBS Investment Bank has recently announced coupon payments for 11 ETRACS Exchange Traded Notes (ETNs) that are traded on the NYSE Arca. These ETNs are linked to various indexes, including the Alerian MLP Infrastructure Index, Alerian Midstream Energy Index, Alerian Midstream Energy Dividend Index, MarketVector US Business Development Companies Liquid Index, Solactive US High Dividend Low Volatility Index, Solactive US Small Cap High Dividend Index, Solactive Preferred Stock ETF Index, S-Network Composite Closed-End Fund Index, and Market Vectors Global Mortgage REITs Index.
The coupon payments for these ETNs are scheduled to be made on October 23, 2023. The current yields for these ETNs range from 6.15% to 21.07% on an annualized basis, depending on the specific ETN. It’s important to note that the current yield is not indicative of future coupon payments.
Some of the ETNs, such as HDLB, SMHB, and PFFL, pay a variable monthly coupon linked to the cash distributions on the respective underlying index constituents. Others, like CEFD and MVRL, pay a variable monthly coupon, and MLPR and BDCX pay a variable quarterly coupon, each linked to the cash distributions on the respective underlying index constituents.
ETRACS ETNs are senior unsecured notes issued by UBS AG and traded on NYSE Arca. They can be bought and sold through a broker or financial advisor. Investors should be aware that investing in ETNs carries risks, including the risk of loss of principal and the creditworthiness of UBS AG.
UBS AG is a global financial institution that provides financial advice and solutions to wealthy, institutional, and corporate clients worldwide. The company offers a wide range of investment solutions, products, and thought leadership. UBS is present in major financial centers around the world and employs over 72,000 people.
It’s worth noting that the ETNs mentioned in the press release are not sponsored, endorsed, or guaranteed by the respective index providers. Investors should carefully read the prospectus and other offering materials before investing in these ETNs.
Overall, UBS Investment Bank’s announcement of coupon payments for these ETRACS ETNs provides investors with an opportunity to potentially earn attractive yields. However, investors should carefully consider the risks associated with these investments and consult with their financial advisors before making any investment decisions.