This is an exchange-traded note issued by UBS Bank. The ETN will provide investors with a cash payment at the scheduled maturity or early redemption based on the 2x leveraged performance of the Solactive Preferred Stock ETF Index, less investor fees. In addition to the base management fees, there is also a financing fee equal to .8% plus the LIBOR rate for three month deposits. The Index tracks the price movements of an equally weighted portfolio containing two U.S. preferred stock ETFs (PGX and PFF). Each of the ETFs seeks to track the performance of separate indices, which measure the performance of a select group of exchange traded preferred stock securities.
$12.34 +0.08 (0.62%)
As of 01/26/2023 14:02:12 EST IEX book CBOE book
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