New York, September 26, 2018 – UBS Investment Bank today announced that the ETRACS Monthly Pay 2x Leveraged Preferred Stock ETN (NYSE Arca®: PFFL), will begin trading on NYSE Arca®. PFFL is linked to the monthly compounded 2x leveraged performance of the Solactive Preferred Stock ETF Index.
About the Solactive Preferred Stock ETF Index
The Solactive Preferred Stock ETF Index is intended to track the price movements of an equally weighted portfolio containing two U.S. preferred stock ETFs. Each of the ETFs seeks to track the performance of separate indices, which measure the performance of a select group of preferred stock securities. The Index was launched on August 31, 2018 and has no performance history prior to that date.
For more information about the ETN, including the prospectus supplement, please visit www.etracs.com.