UBS Announces Assumption of Three Outstanding Credit Suisse ETNs; Rebranding as “ETRACS”
Summary
At the effective time of the PBM, Credit Suisse AG was deregistered in the Commercial Register of the Canton of Zurich and has ceased to exist as a separate entity. ETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on NYSE Arca and NASDAQ, and can be bought and sold through a broker or financial advisor. With the acquisition of Credit Suisse, UBS manages 5.7 trillion dollars of invested assets as per fourth quarter 2023. UBS helps clients achieve their financial goals through personalized advice, solutions and products. In the US, securities underwriting, trading and brokerage activities and M&A advisor activities are provided by UBS Securities LLC, a registered broker/dealer that is a wholly owned subsidiary of UBS AG, a member of the New York Stock Exchange and other principal exchanges, and a member of SIPC.