UBS Announces Mandatory Redemption of ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN Due June 24, 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 Wells Fargo MLP Ex-Energy ETN due June 24, 2044 (Ticker: LMLP) (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"), trig . . .
UBS Investment Bank announced that all outstanding notes of the Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN due June 24, 2044 (Ticker: LMLP) (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"), trig . . .