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UBS AG filings for WUCT document foreign private issuer reporting and securities-offering disclosures for the ETRACS Whitney US Critical Technologies ETN. The record includes Form 6-K reports, Form 20-F references, IFRS consolidated financial information, capitalization disclosures, and debt and equity presentation for UBS AG and its subsidiaries.
Registration-related filings also incorporate Form F-3 materials and legal opinion exhibits for UBS AG securities offerings. These disclosures address the issuer's reporting framework, capital structure, funding from UBS Group AG, and the formal documentation supporting registered securities.
UBS AG London Branch is offering $16.74 million of Contingent Income Auto-Callable Securities linked to the common stock of Wells Fargo & Company (WFC). The notes price on 20 June 2025, settle on 25 June 2025 and mature on 23 June 2028, unless called earlier. Each security has a $1,000 stated principal amount and pays a contingent coupon of $26.625 per period, equivalent to 10.65% p.a., only if the closing price of WFC on the relevant determination date is at or above the Downside Threshold Level of $52.78 (70% of the initial price).
Early Redemption mechanics: If on any of the 11 quarterly determination dates prior to maturity the WFC closing price is at or above the Call Threshold Level of $75.40 (100% of the initial price), UBS will redeem the notes at par plus the accrued contingent payment, delivering cash only. If not called, the notes remain outstanding and investors may or may not receive contingent payments depending on WFC’s performance.
Payment at Maturity:
- If the final WFC price on 20 June 2028 is ≥ $52.78, investors receive (i) the $1,000 principal plus (ii) the final contingent coupon.
- If the final price is < $52.78, investors receive the Cash Value, defined as the exchange ratio (1,000 / $75.40 = 13.2621) multiplied by the final price, resulting in a proportional loss of principal that could reach 100% in a severe decline.
Key economic terms
- Aggregate principal: $16,740,000
- Issue price: 100% of par; proceeds to issuer 97.75% after a total 2.25% distribution fee (1.75% sales commission, 0.50% structuring fee)
- Estimated initial value: $967.90 (96.79% of issue price), calculated using UBS internal models and funding curve
- CUSIP/ISIN: 90308VZ95 / US90308VZ951
- Listing: None; secondary trading will be negotiated and may be limited
Risk highlights
- Principal is not protected; investors are fully exposed to downside below the 70% threshold.
- Contingent coupons are not guaranteed; no payment is made for any period in which WFC closes below $52.78.
- The notes are unsecured, unsubordinated obligations of UBS AG and subject to its credit risk.
- Liquidity risk: the securities will not be listed on any exchange.
- Valuation risk: secondary market prices may differ materially from the estimated initial value and may be affected by dealer spreads and market factors.
Investors should review the accompanying February 6 2025 prospectus and product supplement, as well as the “Risk Factors” section beginning on page 9 of this pricing supplement, before investing.