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Exchange Traded Note

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Exchange Traded Note
A debt security issued by a financial institution with no coupon and no principal protection. That is, unlike other bonds, the issuer of an exchange traded note is not required to repay the principal at maturity. Rather, the return on an exchange traded note is determined by the performance of some stated market index. Exchange traded notes are negotiable securities traded on an exchange. They often have maturities as long as 30 years.


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These are the first exchange traded notes (ETNs) to offer exposure to leveraged returns linked to the performance or inverse performance of the S&P 500[R] Total Return Index(SM).
The suspension described above will not affect or reduce any further sales from inventory or further issuances of UBS's ten existing other E-TRACS exchange traded notes.
NEW YORK -- UBS Investment Bank announced today that it has expanded its UBS E-TRACS Exchange Traded Notes (ETNs) platform by adding a new ETN linked to the Dow Jones-UBS Commodity Index.
 
 
 
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