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Stock impact report

UBS Announces Extension of Final Expiration Date for Five ETRACS ETN Exchange Offers

UBS Group AG Registered Ordinary Shares (UBS) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--UBS AG announced today that it will extend the Final Expiration Date for the previously announced voluntary exchange offers (“Exchange Offers”) for five ETRACS Series A ETNs (collectively the “Series A ETNs”) for corresponding ETRACS Series B ETNs (collectively, the “Series B ETNs”), as set forth in Table-1 below.The updated Final Expiration Date for each Exchange Offer will be August 5, 2020, unless further extended by UBS AG in its sole discretion. The full schedule of additional exchange dates and exchange offer settlement dates is listed in Table-2 below.Except as described in this press release, all other terms of the Exchange Offers remain unchanged.Table-1ETRACS Series A ETN(Ticker | Name)?ETRACS Series B ETN(Ticker | Name)AMUETRACS Alerian MLP Index ETN due July 18, 2042?AMUBETRACS Alerian MLP Index ETN, Series B due July 18, 2042BDCSETRACS Linked to the Wells Fargo Business Development Company Index due April 26, 2041?BDCZETRACS Wells Fargo Busi Show less Read more
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