UBS Declares Coupon Payments on 8 ETRACS Exchange Traded Notes
UBS declares monthly coupons on 8 ETRACS ETNs (HDLB, SMHB, PFFL, CEFD, MVRL, GLDI, SLVO, USOI), payable Oct-Nov 2026.
What this release says
UBS Investment Bank announced coupon payments for five ETRACS notes on the NYSE Arca and expected coupon payments for three ETRACS notes on NASDAQ. Coupons on these notes are variable and tied to cash distributions on their underlying indexes, so the amounts can change substantially from month to month. The release also shows a current yield for each NYSE-listed note, but states that this figure is not indicative of future coupons and that no coupon is guaranteed.
Key figures
- HDLB coupon amount
- $0.1494
- SMHB coupon amount
- $0.0416
- PFFL coupon amount
- $0.0759
- CEFD coupon amount
- $0.2135
- MVRL coupon amount
- $0.1376
- HDLB current yield (annualized)
- 10.04%
Positive for shareholders
- Monthly coupons are paid on the NYSE Arca-listed notes, with current yields shown for each as of the valuation date.
- CEFD and MVRL pay coupons linked to 1.5 times underlying index distributions, and HDLB, SMHB and PFFL pay coupons linked to 2 times those distributions.
Negative for shareholders
- Coupons vary with underlying index distributions, so the current yields are not a reliable guide to future payments.
- No coupon is guaranteed under the notes, and the release says the yield figures are not indicative of future coupons.
- Three NASDAQ-listed notes have only expected coupon payments, which are not yet confirmed.
Written by Quantisnow AI from this release. Not financial advice.
Key terms
- ETRACS ETN:
- An exchange-traded note issued by UBS that pays returns linked to a specified index rather than owning the underlying assets directly.
- Coupon Valuation Date:
- The date on which the coupon amount for a note is determined and fixed.
- Ex-Date:
- The first day a buyer of the note no longer receives the upcoming coupon payment, so the purchase must occur before this date to earn it.
- Current Yield (annualized):
- A yield estimate made by multiplying the latest three monthly coupons by four and dividing by the note's indicative value.
FAQ
What coupon is UBS paying on the HDLB ETRACS note?
UBS declared a coupon of $0.1494 on the HDLB note, with a record date of 11/12/2026 and a payment date of 11/20/2026.
Are the ETRACS coupon payments guaranteed?
No. The release states that you are not guaranteed any coupon or distribution amount under the notes, and that coupons depend on distributions from the underlying indexes.
Why do the expected NASDAQ coupons differ from the NYSE announcements?
The release announces coupons for five NYSE Arca notes but only expected coupons for three NASDAQ notes, so those three payments are not yet confirmed.
Historical context for UBS
Across the 26 sessions after earlier UBS headlines, the stock closed higher 14 times and lower 12 times, with a median move of 1.3% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | UBS | SPY |
|---|---|---|---|
| Nov 2, 2026 | Brannon Ozark Joins UBS as Financial Advisor in Hartford, CT | +1.7% | -0.5% |
| Oct 29, 2026 | UBS Unveils Newly Renovated Office in Naples, Florida | +3.1% | -0.4% |
| Oct 28, 2026 | UBS reports 3Q26 net profit of USD 2.7bn and 14.8% RoCET1, continued strong client momentum and disciplined execution across businesses (Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules) | -0.2% | +0.3% |
| Oct 1, 2026 | Michelle Ferguson Joins UBS as Financial Advisor in Hyannis, MA | -1.2% | +0.2% |
| Sep 25, 2026 | UBS hires Financial Advisors John Pham and Jimmy Yip in Silicon Valley | +2.5% | +0.5% |
| Sep 16, 2026 | Francis Ahmed will join UBS in Florham Park, New Jersey | -2.1% | -0.4% |
Keep researching UBS
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- What is Dividend?A distribution of a company's profits or cash to shareholders, usually paid in cash on a regular schedule after being declared by the board.
- Dividend dates explainedTo receive a dividend you must own the stock before the ex-dividend date. Under T+1 settlement the ex-date now usually falls on the record date itself.
- Dividend trackerDividends declared across the market, with ex-dates and pay dates.
- UBS insider tradesEvery buy and sale reported by UBS Group AG Registered officers, directors and large holders.
- UBS financial statementsRevenue, profit, cash flow and balance sheet from UBS Group AG Registered's SEC filings.
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