UBS Announces Mandatory Redemption of ETRACS Monthly Pay 2xLeveraged High Dividend Low Volatility ETN Due September 30, 2044
March 19, 2020
March 19, 2020
NEW YORK, March 19 -- UBS, a financial services provider, issued the following news release:
UBS Investment Bank announced that all outstanding notes of the Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN due September 30, 2044 (Ticker: HDLV) (the "Securities") will be mandatorily redeemed in accordance with the terms of the Securities as a result of the occurrence of an Acceleration Upon Minimum Indicative Value on March 16, 2020 (the "Acceleration Date&q . . .
UBS Investment Bank announced that all outstanding notes of the Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN due September 30, 2044 (Ticker: HDLV) (the "Securities") will be mandatorily redeemed in accordance with the terms of the Securities as a result of the occurrence of an Acceleration Upon Minimum Indicative Value on March 16, 2020 (the "Acceleration Date&q . . .