UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037
USOI
NASDAQ Global Market- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1285 Avenue of the Americas New York NY United States of America 10019
- IPO Date
- Apr 26, 2017
- CIK
- 0001053092
- Website
- etracs.ubs.com
- Similar Companies
- Business
- UBS ETRACS Crude Oil Shares Covered Call ETN (USOI) is a senior, unsecured debt security issued by UBS AG, acting through its London Branch, that provides exposure to the price return performance of the Nasdaq WTI Crude Oil FLOWS™ 106 Index. The ETN, listed on the NASDAQ exchange under the ticker USOI with CUSIP 22539T266, offers investors a variable monthly coupon based on notional option premiums generated by the index's hypothetical monthly sale of call options on shares of the United States Oil Fund, LP (USO Shares), less notional transaction costs; it features an annual investor fee rate of 0.85% accrued daily, matures on April 24, 2037, and does not guarantee principal repayment. Originally launched on April 25, 2017, the product targets sophisticated investors seeking commodity-linked returns through a covered call strategy on front-month crude oil futures exposure. In May 2024, UBS Group AG assumed obligations for the ETN previously issued by Credit Suisse under the X-Links brand as part of the post-merger integration following UBS's acquisition of Credit Suisse, rebranding it to ETRACS while retaining the same ticker symbol, CUSIP, terms, and NASDAQ listing. This strategic transition ensured continuity for holders amid the broader UBS-Credit Suisse consolidation, with no changes to the underlying index methodology or coupon mechanics. Recent operational updates include ongoing monthly coupon declarations, such as the November 2025 payment of $0.5968 per share announced on November 5, 2025, reflecting sustained volatility in crude oil markets and robust option premium generation. The ETN operates within the exchange-traded notes segment of the structured products industry, focusing on energy commodities and derivatives strategies for institutional and retail investors exposed to WTI crude oil price movements. It trades primarily in the United States market, with global accessibility through UBS's international distribution network headquartered in Zurich, Switzerland. No subsidiaries or parent relationships alter its standalone issuance structure under UBS AG London Branch.