UBS Declares Quarterly Coupon Payments on Exchange Traded Note: AMUB

Rhea-AI Summary

UBS Investment Bank has announced quarterly coupon payments for its ETRACS Alerian MLP Index ETN Series B (AMUB), traded on NYSE Arca. The ETN will pay a coupon amount of $0.2849 with a current annualized yield of 6.10%. The coupon valuation date is set for November 15, 2024, with an ex-date and record date of November 29, 2024, and a payment date of December 9, 2024.

Positive

• Quarterly coupon payment of $0.2849 per note
• Current annualized yield of 6.10%

Negative

• None.

Insights

Financial Analyst

This quarterly coupon payment announcement for UBS's ETRACS Alerian MLP Index ETN Series B (AMUB) represents routine financial maintenance. The ETN will distribute $0.2849 per note, yielding 6.10% on an annualized basis. While the yield appears attractive in the current market environment, it's important to understand that future payments aren't guaranteed and depend on the underlying MLP index performance. The payout structure and timing align with typical ETN operations, making this a standard administrative update rather than a market-moving event for UBS's broader business or stock value.

NEW YORK--(BUSINESS WIRE)-- UBS Investment Bank today announced coupon payments for the ETRACS Alerian MLP Index ETN Series B (NYSE Arca: “AMUB”), traded on the NYSE Arca.

NYSE Ticker	ETN Name and Prospectus Supplement*	Coupon Valuation Date	Ex- Date	Record Date	Payment Date	Coupon Amount	Payment Schedule	Current Yield (annualized)**
AMUB	ETRACS Alerian MLP Index ETN Series B	11/15/24	11/29/24	11/29/24	12/09/24	$0.2849	Quarterly	6.10%

* The table above provides a hyperlink to the relevant prospectus and supplements thereto. For more information on the ETRACS ETN, see “List of ETNs”.

**"Current Yield (annualized)" equals the current Coupon Amount, multiplied by four (to annualize such coupon), divided by the Closing Indicative Value of the ETN on its current Coupon Valuation Date rounded to two decimal places for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the ETN. You are not guaranteed any coupon or distribution amount under the ETN.

About ETRACS
ETRACS 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. An investment in ETRACS ETNs is subject to a number of risks, including the risk of loss of some or all of the investor’s principal, and is subject to the creditworthiness of UBS AG. Investors are not guaranteed any coupon or distribution amount under the ETNs. We urge you to read the more detailed explanation of risks described under “Risk Factors” in the applicable prospectus supplement for the ETRACS ETN.

UBS AG has filed a registration statement (including a prospectus and supplements thereto) with the Securities and Exchange Commission, or SEC, for the offerings of securities to which this communication relates. Before you invest, you should read the prospectus, along with the applicable prospectus supplement to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the ETRACS. The applicable offering document for the ETRACS ETN may be obtained by clicking on the name of the ETRACS ETN identified above. You may also get these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. The securities related to the offerings are not deposit liabilities and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency of the United States, Switzerland or any other jurisdiction.

About UBS
UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. With the acquisition of Credit Suisse, UBS manages 5.7 trillion dollars of invested assets as per fourth quarter 2023. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

In the US, securities underwriting, trading and brokerage activities and M&A advisor activities are provided by UBS Securities LLC, a registered broker/dealer that is a wholly owned subsidiary of UBS AG, a member of the New York Stock Exchange and other principal exchanges, and a member of SIPC (http://www.sipc.org/). UBS Financial Services Inc. is a registered broker/dealer and affiliate of UBS Securities LLC.

This material is issued by UBS AG and/or any of its subsidiaries and/or any of its affiliates ("UBS"). This document was produced by and the opinions expressed are those of UBS as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of UBS to any person to buy or sell any security. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but UBS does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof. 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. Alerian MLP Index and AMZ are trademarks of VettaFi and their use is granted under a license from VettaFi. VetttaFi owns and administers the Alerian Index Series.

UBS specifically prohibits the redistribution or reproduction of this communication 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.

© UBS 2024. 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.

_______________________ 1 Individual investors should instruct their broker/advisor/custodian to call us or should call together with their broker/advisor/custodian.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20241121082975/en/

Media contact

Alison Keunen

+1-212-713-2296

alison.keunen@ubs.com

Institutional Investor contact¹

+1-877-387 2275

Source: UBS

FAQ

What is the coupon payment amount for UBS AMUB ETN in December 2024?

The coupon payment amount for UBS AMUB ETN is $0.2849, scheduled for payment on December 9, 2024.

What is the current annualized yield for UBS AMUB ETN?

The current annualized yield for UBS AMUB ETN is 6.10%, based on the current coupon payment.

When is the record date for UBS AMUB ETN's December 2024 coupon payment?

The record date for UBS AMUB ETN's December 2024 coupon payment is November 29, 2024.

What is the payment schedule for UBS AMUB ETN coupons?

UBS AMUB ETN coupons are paid on a quarterly payment schedule.