UBS ETRACS M Reset 2xLvg S&P 500 TR ETN
SPLX
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- UBS ETRACS Monthly Reset 2xLeveraged S&P 500 Total Return ETN (SPLX) is an exchange-traded note issued by UBS AG that provides 2x leveraged exposure to the monthly performance of the S&P 500 Total Return Index, reflecting both price returns and reinvested dividends of 500 large-cap U.S. equities across diversified sectors; leverage resets monthly rather than daily to reduce reset frequency to 12 events per year. The ETN, launched on March 26, 2014, matures on March 25, 2044, trades on NYSE Arca, and is designed for investors seeking amplified returns on this benchmark index with an investor fee structure. Headquartered in Stamford, Connecticut, through UBS Securities LLC, it operates as a senior unsecured debt obligation of UBS AG's London Branch, targeting institutional and retail investors in the U.S. equity leveraged products segment. Core offerings include leveraged total return tracking of the S&P 500 Total Return Index, enabling 2x monthly compounded performance net of fees; access via brokerage accounts on NYSE Arca; and cash settlement at maturity or early redemption based on index performance. UBS ETRACS ETNs, including SPLX, encompass a broader suite of structured products linked to equities, commodities, and strategies, but SPLX focuses exclusively on monthly-resetting 2x long exposure to U.S. large-cap equities. No major recent partnerships, funding rounds, acquisitions, new product launches, or strategic shifts specific to SPLX have been announced in the last 1-2 years; the product continues trading actively as of late 2025 with ongoing price quotes and historical performance data available. Earlier operational notes include references to potential redemptions in UBS ETN announcements, though SPLX was not listed among redeemed series; it remains part of the active ETRACS lineup without delisting or reorganization. Geographic operations center on U.S. markets, with issuance from UBS AG's global platform based in Switzerland.