UBS ETRACS Monthly Pay 2xLeveraged S&P Dividend ETN
SDYL
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
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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 - Leveraged
- Address
- IPO Date
- May 22, 2012
- Similar Companies
- Business
- UBS ETRACS Monthly Pay 2xLeveraged S&P Dividend ETN (SDYL) is an exchange-traded note issued by UBS AG that seeks to provide two times the monthly compounded leveraged performance of the S&P High Yield Dividend Aristocrats Index, net of fees, through monthly coupon payments to investors. The ETN offers leveraged exposure to a basket of U.S. equity securities characterized by high dividend yields and consistent dividend growth histories, targeting income-seeking investors in the leveraged equity segment. Traded on NYSE Arca, it features senior unsecured debt obligations of UBS AG, with payments linked to the index performance including dividends and price appreciation on a leveraged basis; the product was part of UBS's broader ETRACS suite of structured exchange-traded notes focused on high-income strategies. In November 2020, UBS AG announced the mandatory redemption of SDYL as one of eleven Series A ETRACS ETNs, suspending further sales from inventory and setting a call settlement date where holders received the calculated Call Settlement Amount based on the prevailing indicative value, effectively delisting the ETN from trading. This redemption concluded the product's lifecycle, originally issued with a maturity date of May 22, 2042, amid UBS's portfolio optimization of underperforming or low-volume ETNs; no subsequent issuances, relaunches, or replacements under the SDYL ticker have been reported. UBS continues to offer similar leveraged monthly pay ETNs, such as the ETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B (SMHB) and ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB), with ongoing coupon declarations as recently as December 2025. Headquartered in Zurich, Switzerland, UBS AG operates globally across investment banking, wealth management, and asset management segments, issuing ETRACS ETNs primarily through its U.S. entities like UBS Securities LLC for North American markets. The SDYL ETN targeted retail and institutional investors seeking amplified dividend income from non-financial U.S. companies with at least 20 years of stable or increasing dividends, prior to its redemption.