UBS Elects Not to Exercise its Acceleration Option for ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B due November 10, 2048
(WorldNews Africa)

UBS Elects Not to Exercise its Acceleration Option for ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B due November 10, 2048 New York25 mars 2020, 08:30Media Releases Americas New York, March 25, 2020 - UBS Investment Bank today announced that, following the occurrence of an Indicative Value Optional Acceleration Trigger, as a result of the indicative value of the 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B due November 10, 2048 (Ticker: SMHB) (the `Securities`) falling below $2.00 on March 18, 2020, UBS elected not to exercise its Acceleration Option. As disclosed in more detail in the prospectus supplement relating to the Securities, upon the...