ETRACS UBS Bloomberg Constant Maturity Commodity Index (CMCI) Total Return ETN Series B due April 5 2038

Business Description

UBS issues these exchange-traded notes as senior unsecured debt instruments tied to a broad range of commodity markets. The underlying index tracks futures contracts across 24 commodities, using up to five maturity dates per commodity to create a diversified exposure. Returns are driven by both the performance of those futures positions and a daily fixed-income component.