UBS Announces Completion of the Index Succession for Two ETNs
UBS AG today announced the completion of the Index succession process for the two exchange-traded notes highlighted in Table-1 below (the "ETNs"). As per the previous announcement by UBS AG on April 26, 2021, effective after the close of trading on July 30, 2021 (the "Effective Date") the original underlying index to the ETNs has been replaced with a successor index, the MVIS US Business Development Companies Index (the "Successor Index"). The names of the ETNs have also been updated to reflect the Successor Index.
Table-1
ETN Ticker
Old ETN Name
New ETN Name and Prospectus Supplement*
ETN CUSIP
BDCZ
ETRACS Wells Fargo BDC Index ETN Series B
ETRACS MVIS Business Deve
