{"id":383270,"date":"2020-11-17T12:03:23","date_gmt":"2020-11-17T17:03:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=383270"},"modified":"2020-11-17T12:03:23","modified_gmt":"2020-11-17T17:03:23","slug":"ubs-announces-call-settlement-amount-for-the-series-a-etracs-monthly-pay-2xleveraged-sp-dividend-etn","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ubs-announces-call-settlement-amount-for-the-series-a-etracs-monthly-pay-2xleveraged-sp-dividend-etn\/","title":{"rendered":"UBS Announces Call Settlement Amount for the Series A ETRACS Monthly Pay 2xLeveraged S&amp;P Dividend ETN"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p>\nUBS Announces Call Settlement Amount for the Series A ETRACS Monthly Pay 2xLeveraged S&amp;P Dividend ETN\n<\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nUBS AG announced today the Call Settlement Amount for the ETRACS Monthly Pay 2xLeveraged S&amp;P Dividend ETN due May 22, 2042 (the \u201cSecurities\u201d), as set forth in the table below.\n<\/p>\n<p><b>Table-1<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>ETN Ticker<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\"><b>ETN Name and Pricing Supplement*<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Call<br \/>\n<br \/>Settlement<br \/>\n<br \/>Amount<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>CUSIP<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Call Settlement<br \/>\n<br \/>Date<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nSDYL\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fetracs.ubs.com%2Fdocs%2Fussymbol%2FSDYL%2Fpricing-supplement&amp;esheet=52330124&amp;newsitemid=20201117006023&amp;lan=en-US&amp;anchor=ETRACS+Monthly+Pay+2xLeveraged+S%26amp%3BP+Dividend+ETN+due+May+22%2C+2042&amp;index=1&amp;md5=8ccf139172176f067f3247ee12842483\">ETRACS Monthly Pay 2xLeveraged S&amp;P Dividend ETN due May 22, 2042<\/a><\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$85.6837\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwsinglebottom bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n90267L409\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwsinglebottom bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n11\/23\/2020\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\n* The table above provides a hyperlink to the pricing supplement for the Securities. The Securities are part of UBS AG\u2019s Medium Term Notes, Series A, on which UBS AG and UBS Switzerland AG are co-obligors. Capitalized terms used but not defined in this press release shall have the meanings ascribed to such terms in the product supplement and pricing supplement for the Securities.\n<\/p>\n<p>\nOn November 3, 2020, UBS AG announced the mandatory redemption of eleven Series A ETRACS ETNs, including the Securities. UBS will pay the applicable Call Settlement Amount to investors holding the Securities on the Call Settlement Date.\n<\/p>\n<p>\nUBS has filed a Registration Statement on Form F-3 (Registration No. 333-225551) including a prospectus and supplements thereto with the Securities and Exchange Commission (\u201cSEC\u201d) for the general offering of certain exchange-traded securities offered by UBS. Before you invest, you should read the prospectus, along with the applicable prospectus supplements, or product supplement and pricing supplements, as applicable, to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the securities. For more information regarding the Securities, the product supplement and pricing supplement, as applicable, for the Securities can be accessed on EDGAR, the SEC\u2019s website, at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=52330124&amp;newsitemid=20201117006023&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=2&amp;md5=f91cdadeb79dfd690fb4a2563f77376f\">www.sec.gov<\/a>. The pricing supplement for the Securities is also available at the link included in Table-1 above.\n<\/p>\n<p>\nCAUTIONARY LANGUAGE CONCERNING FORWARD-LOOKING STATEMENTS\n<\/p>\n<p>\nInformation set forth in this news release contains forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in UBS AG\u2019s filings with the Securities and Exchange Commission and in the Registration Statement related to the Series A ETNs and there is no assurance that UBS AG will actually complete the redemption of the Securities. UBS disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.\n<\/p>\n<p><b>About ETRACS<\/b><\/p>\n<p>\nETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on NYSE Arca, and can be bought and sold through a broker or financial advisor. <b>An investment in ETRACS ETNs is subject to a number of risks, including the risk of loss of some or all of the investor\u2019s principal, and is subject to the creditworthiness of UBS AG. Investors are not guaranteed any coupon or distribution amount under the ETNs. Prior to making an investment in the ETRACS ETNs, investors should take into account whether or not the market price is tracking the intraday indicative value of the ETNs. We urge you to read the more detailed explanation of risks described under \u201cRisk Factors\u201d in the applicable prospectus supplement, or product supplement and pricing supplement, for the ETRACS ETN. <\/b><\/p>\n<p><b>About UBS<\/b><\/p>\n<p>\nUBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. UBS&#8217;s strategy is centered on our leading global wealth management business and our premier universal bank in Switzerland, enhanced by Asset Management and the Investment Bank. The bank focuses on businesses that have a strong competitive position in their targeted markets, are capital efficient, and have an attractive long-term structural growth or profitability outlook.\n<\/p>\n<p>\nUBS is present in all major financial centers worldwide. It has offices in more than 50 regions and locations, with about 31% of its employees working in the Americas, 32% in Switzerland, 19% in the rest of Europe, the Middle East and Africa and 18% in Asia Pacific. UBS Group AG employs over 67,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).\n<\/p>\n<p>\nThis material is issued by UBS AG and\/or any of its subsidiaries and\/or any of its affiliates (&#8220;UBS&#8221;). Products and services mentioned in this material may not be available for residents of certain jurisdictions. Past performance is not necessarily indicative of future results. Please consult the restrictions relating to the product or service in question for further information. Activities with respect to US securities are conducted through UBS Securities LLC, a US broker\/dealer. Member of SIPC (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sipc.org%2F&amp;esheet=52330124&amp;newsitemid=20201117006023&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.sipc.org%2F&amp;index=3&amp;md5=12df1a508e52d7e270846e9319a13bfa\">http:\/\/www.sipc.org\/<\/a>).\n<\/p>\n<p>\nStandard &amp; Poor\u2019s Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. (\u201cS&amp;P\u201d) and UBS AG have entered into a non-exclusive license agreement providing for the license to UBS, and certain of its affiliates, in exchange for a fee, of the right to use the S&amp;P High Yield Dividend Aristocrats\u00ae Index, in connection with securities, including the ETNs. The S&amp;P High Yield Dividend Aristocrats\u00ae Index is owned and published by S&amp;P.\n<\/p>\n<p>\nUBS specifically prohibits the redistribution or reproduction of this material in whole or in part without the prior written permission of UBS and UBS accepts no liability whatsoever for the actions of third parties in this respect.\n<\/p>\n<p>\n\u00a9 UBS 2020. The key symbol, UBS and ETRACS are among the registered and unregistered trademarks of UBS. Other marks may be trademarks of their respective owners. All rights reserved.\n<\/p>\n<p><sup>1<\/sup> Individual investors should instruct their broker\/advisor\/custodian to call us or should call together with their broker\/advisor\/custodian.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201117006023r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201117006023\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201117006023\/en\/<\/a><\/span><\/p>\n<p><b>Media contact<br \/>\n<\/b><br \/>Christina Aquilina<br \/>\n<br \/>+1 212 713 4488<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Christina.aquilina@ubs.com\">Christina.aquilina@ubs.com<\/a><\/p>\n<p><b>Institutional Investor contact<sup>1<br \/>\n<\/sup><\/b><br \/>+1-877-387 2275\n<\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Consulting Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201117006023\/en\/780445\/3\/ubs_semibold_4c.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>UBS Announces Call Settlement Amount for the Series A ETRACS Monthly Pay 2xLeveraged S&amp;P Dividend ETN NEW YORK&#8211;(BUSINESS WIRE)&#8211; UBS AG announced today the Call Settlement Amount for the ETRACS Monthly Pay 2xLeveraged S&amp;P Dividend ETN due May 22, 2042 (the \u201cSecurities\u201d), as set forth in the table below. Table-1 ETN Ticker ETN Name and Pricing Supplement* Call Settlement Amount CUSIP Call Settlement Date SDYL ETRACS Monthly Pay 2xLeveraged S&amp;P Dividend ETN due May 22, 2042 $85.6837 90267L409 11\/23\/2020 * The table above provides a hyperlink to the pricing supplement for the Securities. The Securities are part of UBS AG\u2019s Medium Term Notes, Series A, on which UBS AG and UBS Switzerland AG are co-obligors. Capitalized terms used but not &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ubs-announces-call-settlement-amount-for-the-series-a-etracs-monthly-pay-2xleveraged-sp-dividend-etn\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;UBS Announces Call Settlement Amount for the Series A ETRACS Monthly Pay 2xLeveraged S&amp;P Dividend ETN&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-383270","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UBS Announces Call Settlement Amount for the Series A ETRACS Monthly Pay 2xLeveraged S&amp;P Dividend ETN - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ubs-announces-call-settlement-amount-for-the-series-a-etracs-monthly-pay-2xleveraged-sp-dividend-etn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UBS Announces Call Settlement Amount for the Series A ETRACS Monthly Pay 2xLeveraged S&amp;P Dividend ETN - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"UBS Announces Call Settlement Amount for the Series A ETRACS Monthly Pay 2xLeveraged S&amp;P Dividend ETN NEW YORK&#8211;(BUSINESS WIRE)&#8211; UBS AG announced today the Call Settlement Amount for the ETRACS Monthly Pay 2xLeveraged S&amp;P Dividend ETN due May 22, 2042 (the \u201cSecurities\u201d), as set forth in the table below. Table-1 ETN Ticker ETN Name and Pricing Supplement* Call Settlement Amount CUSIP Call Settlement Date SDYL ETRACS Monthly Pay 2xLeveraged S&amp;P Dividend ETN due May 22, 2042 $85.6837 90267L409 11\/23\/2020 * The table above provides a hyperlink to the pricing supplement for the Securities. The Securities are part of UBS AG\u2019s Medium Term Notes, Series A, on which UBS AG and UBS Switzerland AG are co-obligors. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/ubs-announces-call-settlement-amount-for-the-series-a-etracs-monthly-pay-2xleveraged-sp-dividend-etn\/","og_locale":"en_US","og_type":"article","og_title":"UBS Announces Call Settlement Amount for the Series A ETRACS Monthly Pay 2xLeveraged S&amp;P Dividend ETN - Market Newsdesk","og_description":"UBS Announces Call Settlement Amount for the Series A ETRACS Monthly Pay 2xLeveraged S&amp;P Dividend ETN NEW YORK&#8211;(BUSINESS WIRE)&#8211; UBS AG announced today the Call Settlement Amount for the ETRACS Monthly Pay 2xLeveraged S&amp;P Dividend ETN due May 22, 2042 (the \u201cSecurities\u201d), as set forth in the table below. Table-1 ETN Ticker ETN Name and Pricing Supplement* Call Settlement Amount CUSIP Call Settlement Date SDYL ETRACS Monthly Pay 2xLeveraged S&amp;P Dividend ETN due May 22, 2042 $85.6837 90267L409 11\/23\/2020 * The table above provides a hyperlink to the pricing supplement for the Securities. The Securities are part of UBS AG\u2019s Medium Term Notes, Series A, on which UBS AG and UBS Switzerland AG are co-obligors. 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