UBS AG, London Branch
ESUS
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Sep 17, 2021
- CIK
- 0001114446
- Similar Companies
- Business
- ETRACS 2x Leveraged MSCI USA ESG Focus TR ETN (NYSE Arca: ESUS), issued by UBS AG, provides investors with 2 times leveraged long exposure to the compounded quarterly performance of the MSCI USA ESG Focus Gross Total Return USD Index, less the investor fees of an annual tracking fee rate of 0.95% and an annual financing fee rate of SOFR plus 1.55%; the ETN does not pay coupons or guarantee the return of principal and is subject to automatic acceleration upon a zero value event. The underlying index targets large- and mid-cap U.S. equities optimized for positive environmental, social, and governance (ESG) characteristics while maintaining risk-return profiles similar to the broad MSCI USA Index; it reflects notional reinvestment of constituent securities' cash distributions. UBS AG, headquartered in Zurich and Basel, Switzerland, and formed in 1998 through the merger of Union Bank of Switzerland and Swiss Bank Corporation, operates globally as a leading provider of exchange-traded notes (ETNs) via its ETRACS platform, which offers leveraged, inverse, and thematic exposure to equities, commodities, fixed income, and strategies across more than 50 markets. The ETN, with CUSIP 90278V743, commenced trading on September 14, 2021, on NYSE Arca, features a maturity date of September 15, 2061 (subject to adjustment), and supports early redemption at the holder's option for lots of 50,000 securities or more, subject to a 0.125% redemption fee; UBS retains a call right on all outstanding securities with at least 18 days' notice. The leveraged exposure resets quarterly or upon loss rebalancing events (20% intraday decline) and permanent deleveraging (40% decline), with leverage potentially reducing to 1.0x permanently or to zero upon certain market disruptions. ETRACS ETNs serve sophisticated investors seeking trading tools for short-term strategies in a diversified portfolio, with intraday indicative values published under relevant Bloomberg tickers. In 2024, UBS AG assumed obligations for three outstanding Credit Suisse ETNs as part of the merger by absorption under Swiss law completed on May 31, 2024, whereby Credit Suisse ceased to exist and UBS succeeded to its rights and duties, including rebranding certain series to the ETRACS platform; this followed the December 2023 merger agreement and enhanced UBS's ETN offerings amid ongoing product management actions like coupon declarations, redemptions, and exchange offers for other series in 2024-2025. UBS has continued routine ETN operations, including November 2025 coupon payments on eight ETRACS series and call settlements for seven others in December 2024, underscoring active portfolio adjustments without specific changes to ESUS. The firm targets institutional and retail investors in wealth management, investment banking, and asset management segments globally, with no subsidiaries or parent relationships directly tied to this ETN beyond UBS Group AG oversight.