UBS Announces Mandatory Redemption of ETRACS Monthly Pay 2xLeveraged MSCI REIT Index ETN Due May 5, 2045
March 20, 2020
March 20, 2020
NEW YORK, March 20 -- UBS, a financial services provider, issued the following news release:
UBS Investment Bank announced that all outstanding notes of the Monthly Pay 2xLeveraged MSCI US REIT Index due May 5, 2045 (Ticker: LRET) (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 18, 2020 (the "Acceleration Date"), triggered as a re . . .
UBS Investment Bank announced that all outstanding notes of the Monthly Pay 2xLeveraged MSCI US REIT Index due May 5, 2045 (Ticker: LRET) (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 18, 2020 (the "Acceleration Date"), triggered as a re . . .