MLPB: linked to the Alerian MLP Infrastructure Index, Series B
MLPR: linked to the Alerian MLP Index
BDCZ: linked to the MarketVector US Business Development Companies Liquid Index
BDCX: linked to the MarketVector US Business Development Companies Liquid Index
HDLB: linked to the Solactive US High Dividend Low Volatility Index Series B
SMHB: linked to the Solactive US Small Cap High Dividend Index Series B
PFFL: linked to the Solactive Preferred Stock ETF Index
CEFD: linked to the S-Network Composite Closed-End Fund Index
MVRL: linked to the Market Vectors Global Mortgage REITs Index
GLDI: linked to the Credit Suisse Nasdaq Gold FLOWS$(TM)$ 103 Index
SLVO: linked to the Credit Suisse Nasdaq Silver FLOWS(TM) 106 Index
USOI: linked to the Credit Suisse Nasdaq WTI Crude Oil FLOWS(TM) 106 Index
NEW YORK--(BUSINESS WIRE)--July 07, 2025--
UBS Investment Bank today announced coupon payments for 9 ETRACS Exchange Traded Notes traded on the NYSE Arca and expected coupon payments for 3 ETRACS Exchange Traded Notes traded on NASDAQ (together, the "ETNs").
ETN Name and Coupon Current
NYSE Prospectus Valuation Record Payment Coupon Payment Yield
Ticker Supplement(a) Date Ex-Date Date Date Amount Schedule (annualized)
ETRACS Alerian
MLP
Infrastructure
Index ETN
MLPB(b) Series B 6/30/2025 7/14/2025 7/14/2025 7/22/2025 $0.4196 Quarterly 6.45%
ETRACS
Quarterly Pay
1.5x Leveraged
Alerian MLP
MLPR(b) Index ETN 6/30/2025 7/14/2025 7/14/2025 7/22/2025 $1.5785 Quarterly 10.41%
ETRACS
MarketVector
Business
Development
Companies
Liquid Index
BDCZ(b) ETN 6/30/2025 7/14/2025 7/14/2025 7/22/2025 $0.4435 Quarterly 9.62%
ETRACS
Quarterly Pay
1.5x Leveraged
MarketVector
BDC Liquid
BDCX(b) Index ETN 6/30/2025 7/14/2025 7/14/2025 7/22/2025 $1.1012 Quarterly 15.25%
ETRACS Monthly
Pay
2xLeveraged US
High Dividend
Low Volatility
HDLB(C) ETN Series B 6/30/2025 7/14/2025 7/14/2025 7/22/2025 $0.2166 Monthly 13.88%
ETRACS Monthly
Pay
2xLeveraged US
Small Cap High
Dividend ETN
SMHB(C) Series B 6/30/2025 7/14/2025 7/14/2025 7/22/2025 $0.1202 Monthly 18.03%
ETRACS Monthly
Pay 2x
Leveraged
Preferred
PFFL(C) Stock ETN 6/30/2025 7/14/2025 7/14/2025 7/22/2025 $0.0845 Monthly 12.47%
ETRACS Monthly
Pay 1.5X
Leveraged
Closed-End
Fund Index
CEFD(C) ETN 6/30/2025 7/14/2025 7/14/2025 7/22/2025 $0.2728 Monthly 14.39%
ETRACS Monthly
Pay 1.5x
Leveraged
Mortgage REIT
MVRL(C) ETN 6/30/2025 7/14/2025 7/14/2025 7/22/2025 $0.4528 Monthly 18.50%
(a) The table above provides a hyperlink to the relevant prospectus and supplements thereto for each of our ETRACS ETNs, which are identified by their names. For more information on each ETRACS ETN, see "List of ETNs".
(b) "Current Yield (annualized)" equals the current quarterly Coupon Amount, multiplied by four (to annualize such coupon), divided by the closing Current 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.
(c) "Current Yield (annualized)" equals the current monthly Coupon Amount and the two immediately preceding monthly Coupon Amounts, multiplied by four (to annualize such coupons), divided by the closing Current 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.
Note: HDLB, SMHB and PFFL pay a variable monthly coupon linked to 2 times the cash distributions, if any, on the respective underlying index constituents, less withholding taxes, if any. CEFD and MVRL pay a variable monthly coupon, and MLPR and BDCX pay a variable quarterly coupon, each linked to 1.5 times the cash distributions, if any, on the respective underlying index constituents, less withholding taxes, if any. Variations in the amount of monthly or quarterly distributions will lead to large variations in the Current Yield as calculated above. As such, the Current Yield is not indicative of future coupon payments, if any, on these ETNs.
Expected
Closing Coupon
ETN Name and Indicative Amount Expected
NASDAQ Pricing Value on Record Payment per Payment Current
Ticker Supplement(d) 6/30/2025 Ex-Date Date Date ETN(e) Schedule Yield(f)
------- -------------- ---------- --------- --------- --------- -------- -------- ---------
ETRACS Gold
Shares
Covered Call
ETNs due
February 2,
GLDI 2033 $159.2973 7/22/2025 7/22/2025 7/25/2025 $2.8792 Monthly 24.17%(g)
------- -------------- ---------- --------- --------- --------- -------- -------- ---------
ETRACS Silver
Shares
Covered Call
ETNs due
April 21,
SLVO 2033 $80.1565 7/22/2025 7/22/2025 7/25/2025 $1.0595 Monthly 22.69%(g)
------- -------------- ---------- --------- --------- --------- -------- -------- ---------
ETRACS Crude
Oil Shares
Covered Call
ETNs due
April 24,
USOI 2037 $53.4474 7/22/2025 7/22/2025 7/25/2025 $2.4856 Monthly 40.50%(g)
------- -------------- ---------- --------- --------- --------- -------- -------- ---------
(d) The table above provides a hyperlink to the relevant prospectus and supplements thereto for each of our ETRACS ETNs, which are identified by their names. For more information on each ETRACS ETN, see "List of ETNs".
(e) On June 16, 2025, the Credit Suisse Nasdaq Gold FLOWS(TM) 103 Index, the Credit Suisse Nasdaq Silver FLOWS(TM) 106 Index and the Credit Suisse Nasdaq WTI Crude Oil FLOWS(TM) 106 Index (the "Indices") concluded the notional sale of options on GLD shares, SLV shares and USO shares, respectively, with July 2025 expiration. We expect that the notional cash distribution generated by this sale of options will be withdrawn from the Indices on July 14, 2025, subject to adjustment in the event of any market disruption events. Assuming no redemption or acceleration of GLDI, SLVO and USOI, and that the notional cash distribution is withdrawn from the Indices on July 14, 2025, we expect to declare a Coupon Amount for GLDI, SLVO and USOI, respectively, equal to the corresponding Expected Coupon Amount. The Expected Coupon Amount is subject to change upon the occurrence of a disruption event or other unforeseen circumstances.
(f) For each ETN, the Expected Current Yield equals the Expected Coupon Amount annualized and divided by the Closing Indicative Value, as discussed in more detail below. The Expected Current Yield, which is based on an ETN's Expected Coupon Amount and its two most recent coupon payments, is not indicative of future coupon payments, if any, on the ETNs. In particular, future coupon payments on an ETN may differ significantly from its Expected Current Yield, if its Closing Indicative Value fluctuates widely in a volatile market. You are not guaranteed any coupon payment or distribution under the ETNs. Coupon payments for the ETNs (if any) are variable and do not represent fixed, periodic interest payments. The Expected Coupon Amount for any ETN may vary significantly from coupon period to coupon period and may be zero. Accordingly, the Expected Current Yield will change over time, and such change may be significant. Any payment on the ETNs is subject to UBS AG's ability to pay its obligations as they become due. For more information regarding any ETN's coupon payments, please refer to such ETN's pricing supplement.
(g) "Expected Current Yield" equals the sum of (i) the Expected Coupon Amount, plus (ii) the amount of the ETN's two most recent coupon payments, multiplied by four (to annualize such coupons), divided by the Closing Indicative Value, and rounded to two decimal places for ease of analysis. The Expected Current Yield is subject to change upon the occurrence of a disruption event or other unforeseen circumstances.
Cautionary Statement Regarding Forward-Looking Statements
(MORE TO FOLLOW) Dow Jones Newswires
July 07, 2025 17:00 ET (21:00 GMT)
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