| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P MLP index > News item |
UBS calls 2x ETracs tied to S&P MLP, 2x ETracs tied to Alerian index
By Wendy Van Sickle
Columbus, Ohio, Jan. 20 – UBS Investment Bank will redeem two series of exchange-traded access securities, according to company announcements.
Set to be redeemed Feb. 1 are the 2xMonthly leveraged ETracs due July 14, 2045 linked to the S&P MLP index and 2xMonthly leveraged ETracs due July 9, 2040 linked to the Alerian MLP Infrastructure index.
Holders will receive the acceleration amount calculated in accordance with each of the securities’ terms.
The acceleration of the securities linked the Alerian index is a result of the intraday index value falling by more than 30% from the most recent monthly initial closing level, touching below 349.81 on Jan. 20.
The acceleration of the securities linked to the S&P MLP index is a result of the intraday indicative value of the securities being equal to or less than $5 on Jan. 20.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.