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UBS launches energy ETN linked to Wells Fargo MLP Index


UBS Investment Bank has added to its suite of UBS E-Tracs exchange-traded notes with the new UBS E-Tracs linked to the Wells Fargo MLP Index due 29 October 2040.

It began trading today on NYSE Arca under the ticker symbol MLPW and provides investors a way to gain exposure to the master limited partnership energy sector.

"We are excited to bring this 17th UBS E-Tracs ETN to market," says Christopher Yeagley, managing director and US head of equity structured products. "This is our fifth ETN based on master limited partnerships, and rounds out our suite of energy MLP products. UBS E-Tracs now offers ETNs linked to both the infrastructure and natural gas components of the energy MLP market, short exposure to energy MLPs, leveraged exposure to energy MLPs, and now broad exposure to the MLP energy market."

The UBS E-Tracs Wells Fargo MLP Index is linked to the Wells Fargo MLP Index and pays a variable quarterly coupon linked to the cash distributions associated with the MLP constituents of the index, less investor fees. The payment at maturity or upon earlier redemption or call by UBS is linked to the performance of the index.

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