11/15/19 -- UBS
AG announced today that it has filed a registration statement on Form
F-4 to register proposed exchange offers (“Exchange Offers”) for eight
ETRACS Series A ETNs (collectively, the “Series A ETNs”) for
corresponding ETRACS Series B ETNs (collectively, the “Series B ETNs”),
as set forth in Table-1 below.
Upon
commencement of the Exchange Offers, UBS AG intends to offer holders of
the Series A ETNs the ability to voluntarily exchange their Series A
ETNs on a one-for-one basis for the corresponding Series B ETNs, which
are intended to be economically identical. Each of the Series A and
Series B ETNs subject to the Exchange Offers are currently listed on
NYSE Arca.
ETRACS Series A ETN (Ticker | Name) | → | ETRACS Series B ETN (Ticker | Name) |
AMU | ETRACS Alerian MLP Index ETN due July 18, 2042 | → | AMUB | ETRACS Alerian MLP Index ETN, Series B due July 18, 2042 |
BDCL | 2x Leveraged Long ETRACS Linked to the Wells Fargo Business Development Company Index due May 24, 2041 | → | LBDC | 2x Leveraged Long ETRACS Wells Fargo Business Development Company Index ETN Series B due May 24, 2041 |
BDCS | ETRACS Linked to the Wells Fargo Business Development Company Index due April 26, 2041 | → | BDCZ | ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26, 2041 |
CEFL | ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN due December 10, 2043 | → | CEFZ | ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN Series B due December 10, 2043 |
DJCI | ETRACS Linked to the Bloomberg Commodity Index Total Return due October 31, 2039 | → | DJCB | ETRACS Bloomberg Commodity Index Total Return ETN Series B due October 31, 2039 |
MLPI | ETRACS Linked to the Alerian MLP Infrastructure Index due April 2, 2040 | → | MLPB | ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040 |
MORL | ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN due October 16, 2042 | → | MRRL | ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B due October 16, 2042 |
UCI | ETRACS linked to the UBS Bloomberg Constant Maturity Commodity Index (CMCI) Total Return due April 5, 2038 | → | UCIB | ETRACS UBS Bloomberg Constant Maturity Commodity Index (CMCI) Total Return ETN Series B due April 5, 2038 |