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UBS Announces New UBS E-TRACS S&P 500 Gold Hedged Exchange Traded Note
UBS Investment Bank announced today that it has expanded its UBS E-TRACS Exchange Traded Notes (ETNs) platform by adding a new ETN linked to the S&P 500 Gold Hedged Index. The UBS E-TRACS S&P 500 Gold Hedged ETN began trading today on NYSE Arca under the ticker symbol, SPGH, and provides an easily accessible way to gain exposure to the S&P 500 while using gold as a hedge against declines in the value of the US dollar.
UBS is the first firm to launch investment products based on the S&P 500 Gold Hedged Index and this innovative, new ETN is the first product of its kind. It is an entirely original approach to investing in the US equity markets, providing protection if the US dollar continues to decline in value as expressed via the price of gold.
Recent investor concerns about potential global inflation have led to an increased interest in gold-related products, said Christopher Yeagley, Managing Director and US Head of Equity Structured Products. The UBS E-TRACS S&P 500 Gold Hedged ETN enables investors to gain exposure to the US equity market, without the accompanying exposure to the US dollar. We are seeking to deliver real returns of the S&P 500.
UBS E-TRACS belong to an innovative class of investment products offering access to markets and strategies that had not previously been readily available to individual investors, and offer unique diversification opportunities in a number of commodity sectors. UBS has 11 other existing E-TRACS ETNs 10 of which track the performance of various UBS Bloomberg CMCI indexes, like platinum, silver, gold, livestock, food, etc, and one that tracks the total return of the Dow Jones-UBS Commodity Index.
UBS E-TRACs are senior unsecured notes issued by UBS AG, are traded like any other security on NYSE Arca, and can be bought and sold through a broker or financial advisor. For more information about UBS E-TRACs, please visit http;//www.ubs.com/e-tracs.
The contents of any website referred to in this free writing prospectus are not part of, or incorporated by reference in, this free writing prospectus. UBS has filed a registration statement (including a prospectus, as supplemented by a prospectus supplement for the offering of the UBS E-TRACS ETNs) with the Securities and Exchange Commission (the SEC) for the offering to which this communication relates. Before you invest, you should read these documents and any other documents that UBS has filed with the SEC for more complete information about UBS and the offering to which this communication relates. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request the prospectus and the applicable prospectus supplement by calling toll-free (+1-877-387 2275).
Standard & Poor's®, S&P®, S&P 500®, Standard & Poor's 500 and S&P 500 Gold Hedged are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by UBS. The UBS E-TRACS ETNs are not sponsored, endorsed, sold or promoted by S&P and S&P makes no representation regarding the advisability of investing in the UBS E-TRACS ETNs.
Headquartered in Zurich and Basel, Switzerland, UBS is a global firm providing financial services to private, corporate and institutional clients. Its strategy is to focus on international wealth management and the Swiss banking business alongside its global expertise in investment banking and asset management. In Switzerland, UBS is the leading bank for individual and corporate clients.
UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 36% of its employees working in the Americas, 36% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).