UBS ETRACS CMCI Silver Total Return ETN
USV
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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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
- Address
- IPO Date
- Jan 2, 2009
- Similar Companies
- Business
- UBS ETRACS CMCI Silver Total Return ETN (USV) is an exchange-traded note issued by UBS AG (Jersey Branch) that tracks the price and performance yield, before fees and expenses, of the UBS Bloomberg CMCI Silver Total Return Index. The ETN provides investors with exposure to silver commodity markets through a senior unsecured debt security maturing on April 5, 2038, with cash payments at scheduled maturity, early redemption, or acceleration based on the underlying index performance; it offers leveraged participation in silver total return without physical delivery. Traded on NYSE Arca, the ETN targets institutional and retail investors seeking commodity-linked returns, operating primarily in the United States. Launched prior to 2010 as part of UBS's ETRACS product suite from Zurich-headquartered UBS AG, founded in 1862 (with the modern group formed through mergers including the 1998 Union Bank of Switzerland acquisition), USV focuses on the precious metals segment within broader commodities strategies. The issuer maintains a portfolio of similar ETNs covering agriculture, energy, and metals indices, with USV differentiated by its silver-specific total return methodology incorporating constant maturity futures contracts. In recent developments, UBS continues monthly coupon declarations across its ETRACS ETN family, including commodity-linked products, signaling ongoing operational support as of November 2025; no specific redemptions or accelerations for USV have been announced in 2024-2025, unlike certain peer ETNs. The ETN reflects UBS's sustained commitment to commodity exposure amid market volatility, with the underlying index managed in collaboration with Bloomberg. No major acquisitions, funding rounds, or product relaunches specific to USV occurred in the last 1-2 years, though UBS updated base prospectuses in 2025 to reflect regulatory continuity.