Press release from Business Wire
UBS Announces Name Changes to EIPO and EIPL ETNs and Related Index
Monday, November 21, 2011
UBS Announces Name Changes to EIPO and EIPL ETNs and Related Index11:16 EST Monday, November 21, 2011
NEW YORK (Business Wire) -- UBS Investment Bank announced today that the ETRACS Internet IPO ETN
(NYSE: EIPO), the Monthly 2xLeveraged ETRACS Internet IPO ETN (NYSE:
EIPL) and the UBS Internet IPO Index (NYSE: NETIPO) will now be referred
to as the ETRACS Next Generation Internet ETN, the ETRACS
Monthly 2xLeveraged Next Generation Internet ETN and the UBS Next
Generation Internet Index, respectively.
Symbol
New Name
Current Name
EIPO
ETRACS Next Generation Internet ETN
ETRACS Internet IPO ETN
EIPL
ETRACS Monthly 2xLeveraged Next Generation Internet ETN
Monthly 2xLeveraged ETRACS Internet IPO ETN
NETIPO
UBS Next Generation Internet Index
UBS Internet IPO Index
The ETRACS Next Generation Internet ETN and the ETRACS Monthly
2xLeveraged Next Generation Internet ETN provide investors with either
unleveraged or leveraged long exposure to the UBS Next Generation
Internet Index.
Index Changes: there are no Index additions or deletions as of 11/21/11.
About the UBS Next Generation Internet Index
The UBS Next Generation Internet Index (the “Index”) is intended
to measure, on a total-return basis, the performance of a subset of
Internet-related companies listed on the NYSE or NASDAQ that satisfy
specified market capitalization and other eligibility requirements. The
Index provides exposure specifically to those Internet-related companies
that have been publicly traded for less than three years. Standard &
Poor's Financial Services LLCserves as the calculation agent for
the Index. The Index constituents, as of November 14, 2011, are as
follows:
Name
Ticker
Weight
Yandex NV
YNDX
10.75%
Youku.com Inc.-ADR
YOKU
10.00%
LinkedIn Corporation
LNKD
9.54%
HomeAway Inc.
AWAY
9.49%
Pandora Media, Inc.
P
9.00%
Bankrate Inc.
RATE
8.82%
Renren, Inc.-ADR
RENN
5.43%
Ancestry.com, Inc.
ACOM
4.83%
Makemytrip Ltd.
MMYT
4.41%
LogMeIn, Inc.
LOGM
4.39%
OpenTable, Inc.
OPEN
4.03%
Zillow, Inc.
Z
3.41%
Cornerstone OnDemand Inc.
CSOD
3.12%
Qihoo 360 Technology Co. Ltd.-ADR
QIHU
3.11%
Demand Media, Inc.
DMD
2.58%
QuinStreet, Inc.
QNST
1.82%
Responsys, Inc.
MKTG
1.63%
Carbonite Inc.
CARB
1.24%
IntraLinks Holdings, Inc.
IL
1.22%
ReachLocal, Inc.
RLOC
1.17%
Source: Standard & Poor's, as of November 14, 2011.
About ETRACS
For further information about ETRACS ETNs, go to http://www.etracs.com.
Exchange Traded Access Securities ETNs (“ETRACS ETNs”), are
exchange-traded notes, an innovative class of investment products
offering access to markets and strategies that may not be readily
available to investors, and offer unique diversification opportunities
in a number of different sectors. ETRACS ETNs may offer:
Access to asset classes with historically low correlations to more
traditional asset classes
Convenience of an exchange-traded security
Transparent exposure to a published index
ETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on
NYSE Arca, and can be bought and sold through a broker or financial
advisor. An investment in ETRACS ETNs is subject to a number of
risks, including the risk of loss of some or all of the investor's
principal, and is subject to the creditworthiness of UBS. We urge you to
read the more detailed explanation of risks described under “Risk
Factors” in the prospectus supplement for the ETRACS ETN.
The contents of any website referred to in this communication are not
part of, or incorporated by reference in, this communication. UBS has
filed a registration statement (including a prospectus, as supplemented
by a prospectus supplement for the offerings of the ETRACS ETNs) with
the Securities and Exchange Commission (the “SEC”) for the offerings 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).
© UBS 2011. The key symbol, UBS and ETRACS are among the registered and
unregistered trademarks of UBS. The UBS Next Generation Internet Index
is the exclusive property of UBS. UBS has contracted with Standard &
Poor's to maintain and calculate the “UBS Next Generation Internet
Index”. S&P shall have no liability for any errors or omissions in
calculating the Index. UBS Securities LLC (the “Index Sponsor”) makes no
representation or warranty, express or implied, regarding the
appropriateness of investing in products referenced to the UBS Next
Generation Internet Index (“Index”), securities or other financial
products in general or of the ability of the Index to track the market
performance of Internet companies or the equity markets or other
financial markets in general. Other than determining the initial Index
methodology, the Index Sponsor has no discretion in determining the
constituents of the Index and any amendment thereto, and the Index
Sponsor has no obligation to consider the needs of any counterparties or
investors that have products referenced to the Index. The Index Sponsor
has all proprietary rights with respect to the Index. Any third party
product based on or in relation to the Index (“Product”) may only be
issued upon the prior written approval of the Index Sponsor and upon the
execution of a license agreement between the Index Sponsor and the party
intending to launch a Product. In no way does the Index Sponsor, endorse
or have any other involvement in the issue and offering of a Product.
The Index Sponsor makes no representation or warranty, express or
implied, to the holders of the Products or any member of the public
regarding the advisability of investing in the Product or other
financial products generally or in securities particularly, or as to
results to be obtained from the use of the Index or from the Product.
Past performance of the Index is not necessarily indicative of future
results. NEITHER THE INDEX SPONSOR NOR UBS GUARANTEES THE QUALITY,
ACCURACY AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED
THEREIN. NEITHER THE INDEX SPONSOR NOR UBS SHALL HAVE ANY LIABILITY FOR
ANY DATA INCLUDED THEREIN OR FOR ANY ERRORS, OR OMISSIONS OR
INTERRUPTIONS IN THE CALCULATION AND/OR DISSEMINATION OF THE INDEX.
NEITHER THE INDEX SPONSOR NOR UBS MAKES ANY WARRANTY, EXPRESS OR
IMPLIED, AS TO RESULTS TO BE OBTAINED BY OWNERS OF THE SECURITIES OR ANY
OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX OR ANY DATA INCLUDED
THEREIN OR FROM ANY OTHER USE (WHETHER DIRECTLY OR VIA ANY PRODUCT
REFERENCED THERETO). NEITHER THE INDEX SPONSOR NOR UBS MAKES ANY EXPRESS
OR IMPLIED WARRANTIES, AND TO THE EXTENT PERMITTED BY LAW HEREBY
EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A
PARTICULAR PURPOSE OR USE WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED
THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, TO THE EXTENT PERMITTED
BY LAW, IN NO EVENT SHALL THE INDEX SPONSOR OR UBS AG HAVE ANY LIABILITY
FOR ANY LOST PROFITS OR PUNITIVE, INDIRECT, SPECIAL, OR CONSEQUENTIAL
DAMAGES OR LOSSES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE
POSSIBILITY THEREOF. Other marks may be trademarks of their respective
owners. All rights reserved.
Notes to Editors
UBS draws on its 150-year heritage to serve private, institutional and
corporate clients worldwide, as well as retail clients in Switzerland.
We combine our wealth management, investment banking and asset
management businesses with our Swiss operations to deliver superior
financial solutions.
UBS is present in all major financial centers worldwide. It has offices
in over 50 countries, with about 37% of its employees working in the
Americas, 37% in Switzerland, 16% in the rest of Europe and 10% in Asia
Pacific. UBS employs about 65,000 people around the world. Its shares
are listed on the SIX Swiss Exchange and the New York Stock Exchange
(NYSE).
www.ubs.com/media
UBS Investment BankNew York:Michelle A. Lee, +1-212-333-3810
